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Capital Gains Tax
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2012/13 (£) |
2011/12 (£) |
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Rates of tax |
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Individuals |
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- Standard rate taxpayers |
18% |
18% |
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- Higher rate taxpayers |
28% |
28% |
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Companies - added to income |
20% / 24% |
20% / 26% |
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Discretionary and Accumulation & Maintenance Trusts (from 23/06/10) |
28% |
28% |
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Interest In Possession Trusts |
28% |
28% |
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Exemptions |
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Individuals and most estates |
10,600 |
10,600 |
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5,300 |
5,300 |
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Chattels (5/3 taxable on excess above) |
6,000 |
6,000 |
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Entrepreneurs’ Relief: (from 06/04/2011) |
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Entrepreneurs’ Relief: (from 23/06/2010) |
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Entrepreneurs’ Relief: (to 22/06/2010) |
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Up to £2,000,000 |
10% |
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Over £2,000,000 |
18% |
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Entrepreneurs’ Relief: (2009/10) |
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Up to £1,000,000 |
10% |
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Over £1,000,000 |
18% |
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Entrepreneurs Relief limit refers to Lifetime Gains. |
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