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Forbes Hall LLP
 

Capital Gains Tax

 

2017/18**

2016/17**

Individuals
£
£
Exemption
11,300
11,100
Standard rate
10%
10%
Higher rate*
20%
20%
Trusts
Exemption
5,650
5,550
Rate
20%
20%

*For higher and additional rate taxpayers
** Higher rates (18/28%) may apply to the disposal of certain residential property and carried interest.

Entrepreneurs' Relief

The first £10m of qualifying gains are charged at 10%. Gains in excess of the limit are charged at the rates detailed above.

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