UK CGT tax calculator for Interactive Brokers

[nicorama]

They are in GBP. The dollar symbol is most likely a culture problem I need to take care of.

Hello Alex - as if UK CGT calculation was already not complicated enough, we now have a change of tax rate mid TY24... How do you suggest handling this and is this something you are looking into supporting in your tool?

Changes to the rates of Capital Gains Tax

This measure is about changes to the rates of Capital Gains Tax that apply to disposals of assets, other than residential properties and carried interest.

www.gov.uk

Tommy - sorry have not replied to your email yet, will reach out this week. Let us know if any update re: options handling. I guess same question to you as well regarding change of CGT from 20 to 24% in October.

Many thanks
Nico

 

[sharecalc]

Hello Alex - as if UK CGT calculation was already not complicated enough, we now have a change of tax rate mid TY24... How do you suggest handling this and is this something you are looking into supporting in your tool?

Changes to the rates of Capital Gains Tax

This measure is about changes to the rates of Capital Gains Tax that apply to disposals of assets, other than residential properties and carried interest.

www.gov.uk

Tommy - sorry have not replied to your email yet, will reach out this week. Let us know if any update re: options handling. I guess same question to you as well regarding change of CGT from 20 to 24% in October.

Many thanks
Nico

Thanks Nico - I think I should have something working around the end of the month. I'm just working on the parsing at the moment.

For the CGT changes this year, in the summary, I display disposals and acquisitions in each part of the year in separate columns. You can then apply all losses against the gains in the 24% part of the year first.