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Resources

Capital Gains Tax

Capital gains tax rates and bands for 2016/17
On chargeable gains  

Total taxable income and gains:
       up to £32,000
       from £32,001

 
10%
20%
Annual exemption  
- individual £11,100
- most trustees £5,550
Transfers between husband and wife or civil partners living together are generally exempt.
Chattels exemption  
(proceeds per item or set) £6,000

 

Entrepreneurs' 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.

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