Capital Gains Tax
Exemptions 2011/12 2010/11
Individuals, estates, etc. £10,600 £10,100
Trusts generally £5,300 £5,050
Chattels proceeds (Restricted to 5/3rds of proceeds exceeding limit) £6,000 £6,000
Tax Rate – Individuals
© Copyright 23rd March 2011, subject to final legislation. For information only. Always seek professional advice before acting.
Up to basic rate limit 18% 18%
Above basic rate limit 28% 28%/18%*
Tax Rate - Trusts and estates
To 22/6/10 18% 18%
From 23/6/10 28% 28%/18%*
Entrepreneurs’ Relief
Gains taxed at 10% 10%
Lifetime limit £10,000,000 £5m/£2m**
For trading businesses & companies (minimum 5% employee or director shareholding) held for at least one year.

 

*18% rate applies to disposals on or before 22/6/10. 28% thereafter.

** For disposals 6/4/10 to 22/6/10: £2m. £5m until 5/4/11.