Capital Gains Tax
| Exemptions |
09-10 |
08-09 |
| Individuals, estates, etc |
£10,100 |
£9,600 |
| Trusts generally |
£5,050 |
£4,800 |
| Chattels proceeds (excess gain is taxable) |
£6,000 |
£6,000 |
| |
|
|
| Rates |
| Individuals |
18% |
18% |
| Trusts and estates |
18% |
18% |
| |
Entrepreneurs' Relief
2008/10:
4/9ths of
business gain (effective tax rate of 10%). Lifetime limit: £1,000,000
For trading businesses and companies (min. 5% employee/director
shareholding) held for
at least one year
|
|
|
