Capital Gains Tax

Tax Rates – Individuals  20/21 19/20
Below UK higher rate income tax band 10% 10%
Within UK higher and additional rate income tax bands 20% 20%
Tax rate – Trusts and Estates 20% 20%
Surcharge for residential property and carried interest 8% 8%
Exemptions
Annual exempt amount: Individuals, estates, etc £12,300 £12,000
    Trusts generally £6,150 £6,000
Chattels gain limited to 5/3rds of proceeds exceeding £6,000 £6,000

 

Entrepreneurs’ Relief 10% on lifetime limit of £1,000,000 (£10,000,000 before 11 March 2020)
For trading businesses and companies (minimum 5% participation) held for at least 2 years
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