2015/16 Capital Gains Tax
|On chargable gains||2015-16|
|Total taxable income and gains upto £31,785||18%|
|Total taxable income and gains from £31,786||28%|
Qualifying gains will be taxed at 10%. Claims may be made on more than one occasion up to a “lifetime” total of £10 million.
Annual exempt amount – individuals £11,100 and most trusts £5,550
Transfers between spouses and civil partners are generally not chargeable.