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Capital
Gains Tax

Capital Gains Tax
|
2009/10 (£) |
2007/08 (£) |
|
Rates of tax |
|
|
|
Individuals - flat rate from 06/04/08 |
18% |
18% |
|
Companies - added to income |
20%/28% |
20%/28% |
|
Discretionary and Accumulation & Maintenance Trusts |
18% |
18% |
|
Interest In Possession Trusts |
18% |
18% |
|
|
|
|
|
Exemptions |
|
|
|
Individuals and most estates |
10,100 |
9,600 |
|
|
4,800 |
4,800 |
|
Chattels (5/3 taxable on excess above) |
6,000 |
6,000 |
|
|
|
|
|
Entrepreneurs relief: |
|||
Up to £1,000,000 |
10% |
- |
|
Over £1,000,000 |
18% |
- |
|
For further details, please contact Danbro for Umbrella Service: 01253 600141, General Enquiries: 01253 600140, London Office: 020 7836 8400 or email enquiries@danbro.co.uk or send an enquiry.