Tax Rates >> Capital Gains Tax
Capital Gains Tax
| Annual exempt amount | 2012-13 | 2011-12 |
|---|---|---|
| Individuals ect* | £10,600 | £10,100 |
| Other trustees (spread between each trust) | £5,300 | £5,050 |
*Individuals, trustees of settlements for the disabled, and personal representatives of the estate of a deceased person
| 2012-13 | 2011-12 | |
|---|---|---|
| Standard rate of tax | 18% | 18% |
| Higher rate from 23 June 2010** | 28% | 28% |
| Entrepreneurs relief - effective rate | 10% | 10% |
| Entrepreneurs relief lifetime limit | £10million | £10million |
Entrepreneurs' relief is available on qualifying lifetime gains on or after 6th April 2008
** The higher rate applies to higher and additional rate taxpayers
Transfers between husband and wife or civil partners that live together are exempt