Capital Gains Tax

Tax Rates – Individuals 16/17 17/18
Up to basic rate limit (UK excl. Scotland) 10% 10%
Above UK basic rate limit (UK excl. Scotland) 20% 20%
Tax rate – Trusts and estates 20% 20%
Surcharge for residential property and carried interest 8% 8%
Exemptions
Individuals, estates, etc £11,100 £11,300
Trusts generally £5,550 £5,650
Chattels (gain restricted to 5/3rds of proceeds over limit) £6,000 £6,000
 
Entrepreneurs’ Relief 10% on lifetime limit of £10,000,000 £10,000,000
For trading businesses and companies (minimum 5% employee/officer shareholding) held for at least one year
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