Capital Gains Tax
If you are looking at Capital Gains Tax or planning your finances, please feel free to contact us. We can discuss your specific circumstances to help you plan tax efficiently.
| 2017/18 | 2018/19 | 2019/20 | 2020/21 | 2021/22 | |
| Individuals | |||||
| Exemption | £11,300 | £11,700 | £12,000 | £12,300 | £12,300 |
| Standard rate | 10%# | 10%# | 10%# | 10%# | 10# |
| Higher rate* | 20%# | 20%# | 20%# | 20%# | 20# |
| Trusts | |||||
| Exemption | £5.650 | £5,580 | £6,000 | £6,150 | £6,150 |
| Rate | 20% | 20% | 20% | 20% | 20% |
| *For higher and additional rate taxpayers |
# A standard rate of 18% and higher rate of 28% applies to gains on residential property and carried interests.
Entrepreneurs’ Relief
The first £10m of qualifying gains are charged at 10% and gains in excess of the limit are charged at the rates detailed above. From April 2020 the lifetime limit of £10m will be reduced by 90% to just £1m and gains in excess of the limit will be charged at 20%.
External Long Term Gain Relief in Unlisted Companies
The first £10m of qualifying gains are charged at 10%. Gains in excess of the limit are charged at the rates detailed above.
Please contact us for further information.
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