Capital Gains Tax

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Capital Gains Tax

2017/18
£
2016/17
£
Rates of tax
Individuals
– Standard rate taxpayers 10% 10%
– Additional taxpayers 20% 20%
Companies – added to income 19% 20%
Discretionary and Accumulation & Maintenance Trusts 20% 20%
Interest In Possession Trusts 20% 20%
Higher rate will apply to specific residential property sales.
– Staandard rate individuals 18% 18%
– Higher rate taxpayers and trusts 28% 28%
Exemptions
Individuals and most estates 11,300 11,100
Most trusts
5,650 5,550
Chattels (5/3 taxable on excess above) 6,000 6,000

Entrepreneurs’ Relief: (from 06/04/2011)
Upto £10,000,000 (in lifetime)
Over £10,000,000
10%
20%
10%
20%

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