Capital Gains Tax
Exemptions 2010/11 2009/10
Individuals, estates, etc. £10,100 £10,100
Trusts generally £5,050 £5,050
Chattels (5/3 taxable on excess gain proceeds) £6,000 £6,000
Tax Rate – Individuals
© Copyright 22 June 2010, subject to final legislation. For information only. Always seek professional advice before acting.
To 22/6/10 18% 18%
From 23/6/10 taxable income and post 22/6/10 gains To £37,400 18% -
From £37,400 28% -
Tax Rate - Trusts and estates
To 22/6/10 18% 18%
From 23/6/10 28% -
Entrepreneurs’ Relief 2009-11
Lifetime limit £2,000,000 £1,000,000
Lifetime limit from 23/6/10 £5,000,000 -
For trading businesses & companies (minimum 5% employee or director shareholding) held for at least one year.