Capital Gains Tax


On chargeable gains


Total taxable income and gains




Up to higher rate threshold




From higher rate threshold




Trust rate





Higher rates (18/28%)  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 £11,300 and most trustees £5,650.
Transfers between spouses and civil partners are generally not chargeable.