Capital Gains Tax
2015/16 | 2014/15 | |
---|---|---|
Annual exemption | ||
Individuals, estates | £11,100 | £11,000 |
Most trusts | 5,550 | 5,500 |
Tax rate | ||
Individual (to basic rate limit) | 18% | 18% |
Individual (above basic rate limit) | 28% | 28% |
Entrepreneurs’ Relief (ER)* | 10% | 10% |
Trusts, estates | 28% | 28% |
*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) of an officer/employee. Other conditions apply.