Property Capital Gains Tax Calculator Guide

This calculator helps you determine the taxable profit and total tax liability when you sell a property. It accounts for all deductible costs to find the accurate capital gain.

1. Set the Calculation Parameters

You must first select your currency and specify the tax rate.

• Currency Selection: Use the dropdown menu to select your currency. Options include Nigerian Naira (₦), US Dollar ($), British Pound (£), and Euro (€). All input figures and results will use this currency.
• Capital Gains Tax Rate (%): Enter the percentage rate your jurisdiction applies to capital gains from property sales. (For example, enter 20 for a 20% rate).

2. Enter Purchase and Sale Prices

These two core inputs determine the gross profit before costs.

• Purchase Price: Enter the original price you paid for the property.
• Sale Price: Enter the final price you received from the buyer.

3. Detail All Associated Costs

Enter all deductible expenses related to acquiring and selling the property. These costs reduce the taxable capital gain.

• Purchase Costs: Enter the total amount spent on closing the deal, such as legal fees and agent fees.
• Improvement Costs: Enter the total cost of any significant renovations, additions, or capital improvements made to the property during ownership.
• Sale Costs: Enter the total expenses incurred during the sale process, such as agent commissions and legal fees.

The total cost basis is Purchase Price + Purchase Costs + Improvement Costs.

4. Calculate the Results

• Action: Click the “Calculate Gains” button.