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Capital Gains Tax

 

2018/19
£

2017/18
£

Rates of tax

   

Individuals

   

 

- Standard rate taxpayers

10%

10%

 

- Additional rate taxpayers

20%

20%

Companies - added to income

19%

19%

Discretionary and Accumulation & Maintenance Trusts

20%

20%

Interest in Possession Trusts

20%

20%

Higher rate will apply to specific residential property sales.

 

 

 

- Standard rate individuals

18%

18%

 

- Higher rate taxpayers and trusts

28%

28%

 

 

 

Exemptions

 

 

Individuals and most estates

11,700

11,300

Most trusts

5,850

5,650

Chattels (5/3 taxable on excess above)

6,000

6,000

 

 

 


Entrepreneurs’ Relief:

   

Up to £10,000,000 (in lifetime)

10%

10%

     

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For information of users: This material contained within our Resource Centre is published for the information of readers. It provides only an overview of the rates and regulations in force at the date of publication, and no action should be taken without consulting the detailed legislation or seeking professional advice. Therefore, neither the authors nor the firm can accept responsibility for loss occasioned by any person acting or refraining from action as a result of the material

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