Capital Gains Tax

Capital gains tax rates and bands for 2017/18
On chargeable gains  

Total taxable income and gains:
Up to higher rate threshold
From higher rate threshold

 
10%*
20%*
Trust rate
*Higher rates (18%/28%) may apply to the disposal of certain residential property and carried interest.
20%*
Annual exemption  
- individual £11,300
- most trustees £5,650
Transfers between spouses or civil partners living together are generally exempt.
Chattels exemption  
(proceeds per item or set) £6,000

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.