Capital Gains
2008/09 |
|
| On chargeable gains | 18% |
| Entrepreneurs relief - This will reduce the chargeable gain on qualifying assets by 4/9 - an effective rate of 10%. An individual will be able to make claims for disposals on or after 6th april 2008. Claims may be made on more than one occasion, up to a "lifetime" total of £1 million of gains. |
|
| Annual exempt amount - | individuals £9,600 |
| most trustees £4,800 |
Transfers bettween spouses and civil partners are general exempt.
