Capital Gains Tax
|
|
2009/10
|
2008/09
|
| Individuals |
|
£
|
£
|
| Exemption |
|
10,100 |
9,600 |
| Balance of gains |
18%
|
18%
|
| |
| Trusts |
|
|
|
| Exemption |
|
5,050
|
4,800
|
| Balance of gains |
18%
|
18%
|
Entrepreneurs’ Relief
For gains arising on or after 6 April 2008, the first £1m of qualifying gains are charged at an effective rate of 10%. Gains in excess of £1m are charged at 18%. |
|