Capital Gains Tax
| Exemptions |
2010/11 |
2009/10 |
| Individuals, estates, etc |
£10,100 |
£10,100 |
| Trusts generally |
£5,050 |
£5,050 |
| Chattels (restricted to ) |
£6,000 |
£6,000 |
| |
|
|
| Rates |
| Individuals |
18% |
18% |
| Trusts and estates |
18% |
18% |
| |
| Entrepreneurs’ Relief 2009-11 |
| Lifetime limit |
£2,000,000 |
£1,000,000 |
4⁄9ths of gain (effective tax rate of 10%). For trading businesses & companies
(minimum 5% employee or director shareholding) held for at least one year.
|
|
|
