Capital Gains Tax

 

 

2010/11 (£)

2009/10 (£)

Rates of tax

 

 

Individuals (from 23/06/2010)

 

- Standard rate

18%

18%

 

- Higher rate (if gains/income exceed £37,400)

28%

-

Companies - added to income

21%/28%

21%/28%

Discretionary and Accumulation & Maintenance Trusts (from 23/06/10)

28%

18%

Interest In Possession Trusts (from 23/06/10)

28%

18%

 

 

 

Exemptions

 

 

Individuals and most estates

10,100

10,100

Most trusts

4,800

4,800

Chattels (5/3 taxable on excess above)

6,000

6,000

 

 

 

Entrepreneurs relief: (from 23/06/2010)

Up to £5,000,000

10%

Over £5,000,000

28%

Entrepreneurs relief: (to 22/06/2010)

Up to £2,000,000

10%

Over £2,000,000

18%

Entrepreneurs relief: (2009/10)

Up to £1,000,000

10%

Over £1,000,000

18%


 

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