Capital Gains Tax


On chargeable gains


Total taxable income and gains




Up to £32,000




From £32,001




Trust rate





         Higher rates may apply to the disposal              of certain residential propity.





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.