Capital Gains Tax

Capital gains tax rates and bands for 2019/20
On chargeable gains Amount
Total taxable gains and income
up to higher rate threshold 10%*
from higher rate threshold 20%*
Trust rate 20%*
*Higher rates (18%/28%) may apply to the disposal of certain residential property and carried interest.
Annual exemption
- individuals £12,000
- most trustees £6,000
Chattels exemption
proceeds per item or set £6,000

Transfers between spouses or civil partners living together are generally exempt.

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.