On chargeable gains |
2017-18 |
|||||
Total taxable income and gains |
|
|
|
|||
Up to higher rate threshold |
|
10% |
|
|||
From higher rate threshold |
|
20% |
|
|||
Trust rate |
|
20% |
|
|
||
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. |