| 2011-2012 | 2010-2011 | |
|---|---|---|
| Individuals/Trusts | 28%* | 18%** |
| Entrepreneurs' Relief effective rate | 10% | 10% |
* Remains at 18% for basic rate individuals.
** 28% for higher rate individuals and trusts from 23 June 2010.
| Annual Exemptions Individuals and personal representatives Trusts generally |
£10,600 £5,300 |
£10,100 £5,050 |
| Chattels exemption (5/3 taxable on excess) | £6,000 | £6,000 |
| Entrepreneurs' Relief lifetime limit of gains | £10,000,000 | £2,000,000* |
*Increased to £5,000,000 from 23 June 2010.
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