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Tax Tables

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Capital Gains Tax

 

2012/13 (£)

2011/12 (£)

Rates of tax

 

 

Individuals

    

 

- Standard rate taxpayers

18%

18%

 

- Higher rate taxpayers

28%

28%

Companies - added to income

20% / 24%

20% / 26%

Discretionary and Accumulation & Maintenance Trusts (from 23/06/10)

28%

28%

Interest In Possession Trusts

28%

28%

 

 

 

Exemptions

 

 

Individuals and most estates

10,600

10,600

Most trusts

5,300

5,300

Chattels (5/3 taxable on excess above)

6,000

6,000

 

 

 

Entrepreneurs’ Relief: (from 06/04/2011)

    

Upto £10,000,000

Over £10,000,000
 

10%

28%
     

Entrepreneurs’ Relief: (from 23/06/2010)

    

Upto £5,000,000

Over £5,000,000
 

10%

28%
 

Entrepreneurs’ Relief: (to 22/06/2010)

    

Up to £2,000,000

10%

 

Over £2,000,000

18%

 
 

Entrepreneurs’ Relief: (2009/10)

    

Up to £1,000,000

 10%

 

Over £1,000,000

 18%

 
 

Entrepreneurs Relief limit refers to Lifetime Gains.

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