Tax rates and bands
|On chargeable gains||2018-19|
|Total taxable gains and income:|
|up to higher rate threshold||10%|
|from higher rate threshold||20%|
Higher rates (18/28%) may apply to the disposal of certain residential property and carried interest.
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.
Annual exempt amount – individuals £11,700 and most trustees £5,850.
Rates subject to change – contact us for latest. For general guidance only, no responsibility is taken for action taken or refrained from in consequence of the information provided on this website.