Capital gains tax

CGT and Inheritance tax.

Capital gains tax rates and bands for 2017/18
On chargeable gains Amount
Total taxable gains and income
  up to higher rate threshold 10%*
  from higher rate threshold 20%*
Trust rate 20%*

*Higher rates (18%/28%) may apply to the disposal of certain residential property and carried interest.

Annual exemption
individuals £11,300
most trustees £5,650
Chattels exemption
proceeds per item or set £6,000

Transfers between spouses or civil partners living together are generally exempt.

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.


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