1176 - Please read when you cannot use this calculator

You cannot use this calculator in all cases.

For example, it cannot be used where

• the disposal is of an asset that qualifies both as a business and a non-business asset for taper relief purposes unless you have first apportioned any gain into the business and non-business parts
• you have calculated the taper rate using the table at the end of Help Sheet 279
• you have gains and you also have attributed to you gains where personal losses can be set off
• you have a clogged loss which can be deducted from a 2008-09 gain.
• certain anti-avoidance rules apply. These will be when:
  • you have entered into a transaction relating to an asset that you own, and the transaction limits your exposure to fluctuations in its value, or
  • you hold shares in a close company which changes its activities, or
  • you hold shares in a close company and, without disposing of them, enter into a transaction that affects their value.

Clogged losses can only be set against gains of certain types. The most common type of clogged loss is a loss on a disposal to a connected person. The other clogged loss is a loss transferred to you after 15 June 1999 by trustees when you become absolutely entitled to settled property.

For further guidance and information, please see the Capital Gains Summary Notes (PDF 127K).

Please note that this is a stand-alone calculator. The calculation will not be saved so you may wish to print a copy for your records.

To view the guidance notes you need to use a PDF file viewer. You can get one at www.adobe.com