Capital gains tax calculator Ghana
When you sell an asset for more than it cost you, the profit is a capital gain. For individuals it is taxed at 15%.
Enter the sale price, what the asset cost you and the expenses of the sale.
How it's calculated
- Net gain: sale price minus cost of acquisition, improvements, legal fees and other expenses necessarily incurred to sell.
- Capital gains tax for individuals: 15% of the net gain.
An example
Selling for GH₵100,000 an asset that cost GH₵60,000, with GH₵5,000 of selling costs, gives a gain of GH₵35,000 and a tax of GH₵5,250.
Frequently asked questions
What is the capital gains tax rate in Ghana?
For individuals, 15% of the net gain, treated as an isolated transaction. For businesses the gain is included in the annual return.
What costs can I deduct?
The cost of acquisition, improvements, legal fees and other expenses necessarily incurred in selling the property.
How are gains on shares taxed?
The gain is the sale proceeds minus the purchase cost. It is taxed at the highest marginal rate, but an individual may opt for a rate of 15%.
Key terms
- Capital gain
- The amount by which the price received for an asset exceeds its cost.
Up-to-date official data
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