2018/19 Capital Gains Tax
|On chargeable gains||2018-19|
|Total taxable income and gains up to the higher rate threshold||10%|
|Total taxable income and gains from the higher rate threshold||20%|
Higher rates (18/28%) may apply to the disposal of certain residential property and carried interest.
Entrepreneurs’ relief and Investors' 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 per relief.
Annual exempt amount – individuals £11,700 and most trustees £5,850