Capital Gains Tax
Tax Rates – Individuals |
20/21 |
19/20 |
|
Below UK higher rate income tax band |
10% |
10% |
|
Within UK higher and additional rate income tax bands |
20% |
20% |
|
Tax rate – Trusts and Estates |
20% |
20% |
|
Surcharge for residential property and carried interest |
8% |
8% |
|
Exemptions |
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Annual exempt amount: |
Individuals, estates, etc |
£12,300 |
£12,000 |
Trusts generally |
£6,150 |
£6,000 |
|
Chattels gain limited to 5/3rds of proceeds exceeding |
£6,000 |
£6,000 |
|
Entrepreneurs’ Relief 10% on lifetime limit of £1,000,000 (£10,000,000 before |
For trading businesses and companies (minimum 5% participation) held for at least 2 years |
