Capital Gains Tax

Tax Rates – Individuals 17/18 18/19
Within UK basic 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%
Annual exempt amount: Individuals, estates, etc £11,300 £11,700
                                         Trusts generally £5,650 £5,850
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% employee/officer shareholding) held for at least one year
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ICAEW The Chartered Institute of Taxation ACCA IPG IR