Tax rates and bands
2019/20
| Individuals | 2019/20 |
|---|---|
| Exemption | £12,000 |
| Standard rate | 10% |
| Higher/additional rate | 20% |
| Trusts | 2019/20 |
|---|---|
| Exemption | £6,000 |
| Rate | 20% |
2018/19
| Individuals | 2018/19 |
|---|---|
| Exemption | £11,700 |
| Standard rate | 10% |
| Higher/additional rate | 20% |
| Trusts | 2018/19 |
|---|---|
| Exemption | £6,850 |
| Rate | 20% |
Higher rates (18/28%) may apply to the disposal of certain residential property and carried interest.
Entrepreneurs’ relief and Investors’ relief
The first £10m. of qualifying gains are charged at 10%. Gains in excess of the limit are charged at the rates detailed above.
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.