Capital Gains Tax

 

 

   2013/14  2012/13
 Individuals  £  £
 Exemption  10,900  10,600
 Standard rate  18%  18%
 Higher rate*  28%  28%
 Trusts    
 Exemption  5,450  5,300
 Rate  28%  28%
*For higher and additional rate taxpayers


Entrepreneurs' Relief
For disposals on or after 6 April 2011 the first £10m (£5m for disposals on or 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.

 

Disclaimer

Rates are for guidance only. No responsibility for loss occasioned by any person acting/refraining from action as a result of this information can be accepted by the authors or firm.

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site last updated 25 April 2013
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Company Information - Walker Thompson is a trading name of Walker Thompson Ltd registered in England and Wales. Company registration number 06574838
Registered Office - Empress House :: 43a Binley Road :: Coventry CV3 1HU :: T 024 7663 5522 :: F 024 7663 5518 :: E clientcare@walkerthompson.co.uk