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Krogh & Partners Limited
 
Your auditor, accountant and advisor in the United Kingdom
Capital Gains Tax



2017/18
2016/17
Annual exemption


Individuals, estates
11,300
11,100
Most trusts
5,650
5,550
Tax rate


Individual (to basic rate limit)*
10%
10%
Individual (above basic rate limit)*
20%
20%
Entrepreneurs' Relief (ER)**
10%
10%
Trusts, estates*
20%
20%



*Individuals are taxed at 18%/28% on gains on residential property and receipt of carried interest. Trusts are taxed at 28% in these circumstance.

**ER is available for lifetime gains of up to 10m. Qualifying disposals include a trading business or shares in a trading company (from a minimum 5% holding) by  an officer/employee. Various conditions apply.

Shares in an unquoted trading company may be eligible for a 10% CGT rate on lifetime gains up to 10m, if disposed of after 5 April 2019 by someone who is neither a paid officer nor employee of the company (Investors' Relief).


Tax rates

Tax rates 2016/17
Income Tax
Annual investment limits
Vehicle Benefit
Tax free mileage allowances
National Insurance Contributions
Pension contributions
Inheritance Tax
Value Added Tax
Capital Gains Tax
Corporation Tax
Main capital allowances
Property Taxes
Key dates and deadlines
Useful rates