Useful UK Tax Calculators for Family Solicitors
Tax Advice » July 11, 2024
If you are working with clients and you’re unsure if tax advice would add value to their case – consider using these signposts.
There are many reasons why clients may not want to seek tax advice but where an indication of tax due would be helpful. Maybe the assets are of low value or the client does not have the funds or desire to seek out tax advice.
These are the most helpful places I signpost people who need free advice;
All of these links are to the .gov website. None of them require a sign in or any personal information. Once the information is inputted, the calculator will deliver the tax due and a helpful summary which can be PDFed and added to the clients file.
The limitations on these calculators is that they cannot apply any reliefs or work out any reliefs. Therefore these are best placed for the very simple cases.
CGT on share sale – https://www.gov.uk/tax-sell-shares/work-out-your-gain
CGT on property sale – https://www.gov.uk/tax-sell-property/work-out-your-gain
Income Tax Calculator – https://www.gov.uk/estimate-income-tax
Self Employed Tax Calculator – https://www.gov.uk/self-employed-tax-calculator
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