Capital Gains Tax

Tax Rates – Individuals

21/22

20/21

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

£12,300

                                         Trusts generally

£6,150

£6,150

Chattels gain limited to 5/3rds of proceeds exceeding

£6,000

£6,000

Business Asset Disposal Relief
10% on lifetime limit of £1,000,000

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

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