Exemptions | 2019/20 |
Individuals | £12,000* |
Trusts | £6,000 |
*Nil for individuals subject to the annual charge for the remittance basis.
Rates | 2017/18 |
Individuals | 18%
28% higher rate taxpayers |
Trusts | 28% |
Entrepreneurs relief
From 6 April 2008: liability was potentially reduced to 10% on gains on the sale or transfer of qualifying business assets up to a maximum lifetime allowance of £10,000,000.
For further information on Capital Gains Tax please Contact Us.