Capital Gains Tax

On chargeable gains

2013-14

Total taxable income and gains

 

 

 

Up to £32,010

 

18%

 

From £32,011

 

28%

 

Trust rate

 

28%

 

 

 

 

 

 

 

Entrepreneurs’ relief

 

 

 

 

Qualifying gains will be taxed at 10%. Claims may be made on more than one occasion up to a “lifetime” total of £10 million.

Annual exempt amount – individuals £10,900 and most trustees £5,450.
Transfers between spouses and civil partners are generally not chargeable..