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Capital Gains Tax

Capital gains tax rates and bands for 2017/18
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 £11,300
- most trustees £5,650
 
Chattels exemption
(proceeds per item or set) £6,000

Note

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

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.

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