Tax Budget Tax Tables March 2017 Capital Gains Tax
Capital Gains Tax
| CAPITAL GAINS TAX |
| Tax Rates – Individuals |
18/19 |
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 |
£11,700 |
£12,000 |
| Trusts generally |
£5,850 |
£6,000 |
| Chattels: gain limited to 5/3rds of proceeds exceeding |
£6,000 |
£6,000 |
| Entrepreneurs’ Relief 10% on lifetime limit of |
£10,000,000 |
£10,000,000 |
| For trading businesses and companies (minimum 5% participation) held for at least |
1 year |
2 years |
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