Capital Gains Tax
|
|
|
2010/11 and 2009/10
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|
Individuals
|
|
£
|
|
Exemption |
|
10,100
|
|
Balance of gains |
|
18%
|
|
Trusts
|
|
|
|
Exemption |
|
5,050 |
|
Balance of gains (reduced by taper relief* for 2007/08). |
18% |
Entrepreneurs’ Relief
The first £2m (£1m for disposals before 6 April 2010) of qualifying gains are charged at an effective rate of 10%. Gains in excess of the limit are charged at 18%.
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