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Capital gains
| Capital Gains Tax | ||
|---|---|---|
| 2009-2010 | 2008-2009 | |
| Individuals/Trusts* | 18% | 18% |
|
Annual Exemptions Individuals and personal representatives |
£10,100
|
|
| Chattels exemption (5/3 taxable on excess) | £6,000 | £6,000 |
* Indexation and taper relief no longer available for disposals by individuals and trusts after 5.4.08.
Entrepreneurs’ Relief - from 6.4.08 the first £1 million of gains on certain types of assets will be charged to CGT at an effective rate of 10%. This is a lifetime limit.
