Capital Gains Tax

 

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.
Transfers between spouses and civil partners are generally not chargeable.