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Capital Gains Tax

 On chargeable gains 2011-12  
Total taxable income and gains :                      Up to £35,000 18%  

From £35,001

 28%  

 

Trust rate

 28%  

 Entrepreneurs' Relief

Qualifying gains will be taxed at 10%.  Claims may be made on more than one occasion up ot a 'lifetime' total of £10 million

   
Annual exemption amount - individuals £10,600  
Annual exemption amount - most trustees £5,300  

Transfers between spouses and civil partners are generally not chargeable.