Capital Gains Tax Estimator
The "Capital Gains Tax Estimator" is a tool designed to help investors understand the tax implications of selling their investment assets. By inputting details about their investment and sale price, users can estimate the capital gains tax owed, helping them make informed decisions about when and how to sell assets in a tax-efficient manner.
Capital Gains Tax=(Sale Price−Cost Basis)×Tax Rate
- Sale Price is the price at which the asset is sold.
- Cost Basis is the original purchase price of the asset, including any commissions or fees.
- Tax Rate is the capital gains tax rate applicable, which may vary based on the asset type and how long it has been held.