Capital Gains Tax

Tax Rates – Individuals 19/20 18/19
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 £12,000 £11,700
Trusts generally £6,000 £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
For trading businesses and companies (minimum 5% participation) held for at least 2 years 1 year
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ICAEW The Chartered Institute of Taxation ACCA IPG IR