Exemptions

  • Individuals, estates etc £11,100
  • Trusts generally £5,550
  • Chattels proceeds (restricted to five thirds of proceeds exceeding limit) £6,000

Tax Rates

  • Individuals:
    • Up to basic rate limit 10%
    • Above basic rate limit 20%
    • Surcharge for residential property and carried interest 8%
  • Trustees and Personal Representatives 20%
  • Entrepreneurs’ Relief*
    • Gains taxed at 10%
    • Lifetime limit £10,000,000

*For trading businesses and companies (minimum 5% employee or director shareholding) held for at least one year.