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Capital Gains Tax


Financial Year2014/152013/14
Basic Rate Tax Payer18%18%
Higher Rate Tax Payer28%28%
– Individual£11,000£10,900
– Certain trusts for disabled persons£11,000£10,900
– Other Trusts£5,500£5,450
– Entrepreneurs Relief lifetime limit£10,000,000£10,000,000
– Entrepreneurs Rate10%10%
Chattels exemption (5/3 taxable on excess)£6,000 £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.


  1. Transfers between husband and wife or civil partners living together are generally exempt.
  2. Capital gains of all trusts for 2012/13 are taxed at the rate of 28%. Where there are several trusts created by the same settlor, the annual exemption is divided equally between them, subject to a minimum exemption of £1,060 for each trust.