Capital Gains Tax

 

On chargeable gains

2015-16

Total taxable income and gains

 

 

 

Up to £31,785

 

18%

 

From £31,786

 

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 £11,000 and most trustees £5,500.
Transfers between spouses and civil partners are generally not chargeable.