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