Capital Gains Tax
| Capital gains tax rates and bands for 2016/17 | |
|---|---|
| On chargeable gains | |
Total taxable income and gains: |
10% 20% |
| Annual exemption | |
| - individual | £11,100 |
| - most trustees | £5,550 |
| Transfers between husband and wife or civil partners living together are generally exempt. | |
| Chattels exemption | |
| (proceeds per item or set) | £6,000 |
Entrepreneurs' Relief
Qualifying gains will be taxed at 10%.
Claims may be made on more than one occasion up to a ?lifetime? total of £10 million.
