Capital Gains Tax
2019/20 | 2018/19 | |
Tax Rates - Individuals | ||
Up to basic rate limit (1) | 10% | 10% |
Above basic rate limit | 20% | 20% |
Tax Rates - Trusts and Estates | 20% | 20% |
Exemptions | ||
Individuals, estates etc | £12,000 | £11,700 |
Trusts generally | £6,000 | £5,850 |
Entrepreneurs' Relief | ||
Gains taxed at | 10% | 10% |
Lifetime limit | £10,000,000 | £10,000,000 |
Notes | ||
1. Basic rate limit 2019/20 £37,500 2018/19 £34,500 |