2016/17 Capital Gains Tax

On chargable gains 2016-17
Total taxable income and gains upto £32,000 10%
Total taxable income and gains from £32,001 20%
Trust rate 20%

 

Higher rates may apply to the disposal of certain residential property.

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.
Annual exempt amount – individuals £11,100 and most trusts £5,550