CGT Exemption and rates of tax

Annual Exempt Amounts

Taxpayer type:

2009-10

2010-11

2011-12

Individuals, personal representatives and trustees for disabled people

£10,100

£10,100

£10,600

Other trustees

£5,050

£5,050

£5,300

Rates for Capital Gains Tax

2010-11 and 2011-12

For gains on or before 22 June 2010, Capital Gains Tax is charged at a flat
rate of 18 per cent.

The following Capital Gains Tax rates apply to gains after this date:

  • 18 per cent and 28 per cent tax rates for individuals (the tax rate you use depends on the total amount of your taxable income, so you need to work this out first )
  • 28 per cent for trustees or for personal representatives of someone who has died
  • 10 per cent for gains qualifying for Entrepreneurs' Relief

2009-10 and 2008-09

Capital Gains Tax is charged at a flat rate of 18 per cent

2007-08

For individuals Capital Gains Tax is charged at variable rates (10 per cent,
20 per cent and 40 per cent) based on the total amount of your income and gains.

For trustees or personal representatives of someone who has died there is a
single rate of 40 per cent.