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%
Trust rate  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.