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Capital Gains Tax

Capital gains tax rates and bands for 2013/14

Capital gains tax rates and bands for 2013/14
On chargeable gains  

Total taxable gains and income:
       up to £32,101
       from £32,011


18%
28%
Annual exemption  
- individual £10,900
- most trustees £5,450
 
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.

Notes

  1. Transfers between husband and wife or civil partners living together are generally exempt.
  2. Capital gains of all trusts for 2013/14 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 £1,090 for each trust.
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