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Capital Gains Tax
November 17, 2011
|
|
2011/12 |
23.6.10-5.4.11 |
|
Individuals |
£ |
£ |
|
Exemption |
10,600 |
10,100 |
|
Standard rate |
18% |
18% |
|
Higher rate* |
28% |
28% (18%) |
|
Trusts |
|
|
|
Exemption |
5,300 |
5,050 |
|
Rate |
18% |
28% (18%) |
|
*For higher and additional rate taxpayers |
||
Entrepreneurs’ Relief
For disposals on or after 6 April 2011 the first £10m (£5m for disposals on/after 23 June 2010 and before 6 April 2011) of qualifying gains are charged at 10%. Gains in excess of the limit are charged at the rates detailed above.