Capital Gains Tax

Tax Rates – Individuals

20/21

19/20

Below UK higher rate income tax band

10%

10%

Within UK higher and additional rate income tax bands

20%

20%

Tax rate – Trusts and Estates

20%

20%

Surcharge for residential property and carried interest

8%

8%

Exemptions

 

 

Annual exempt amount:

Individuals, estates, etc

£12,300

£12,000

                                        

Trusts generally

£6,150

£6,000

Chattels gain limited to 5/3rds of proceeds exceeding

£6,000

£6,000

Entrepreneurs’ Relief 10% on lifetime limit of £1,000,000 (£10,000,000 before
11 March 2020)

For trading businesses and companies (minimum 5% participation) held for at least 2 years

image