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Capital Gains Tax


Capital gains tax rates and bands for 2017/18
On chargeable gains  

Total taxable income and gains:
       Up to higher rate threshold
       From higher rate threshold

Trust rate
*Higher rates (18%/28%) may apply to the disposal of certain residential property and carried interest.
Annual exemption  
- individual £11,300
- most trustees £5,650
Transfers between spouses or civil partners living together are generally exempt.
Chattels exemption  
(proceeds per item or set) £6,000

Entrepreneurs' Relief and Investors' 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.