Capital Gains
2010/2011 |
2009/2010 | |
| On chargeable gains | 18% | 18% |
| Entrepreneurs relief - This will reduce the chargeable gain on qualifying assets by 4/9 - an effective rate of 10%. Claims may be made on more than one occasion, up to a "lifetime" total of £2 million of gains (£1 million before 6 April 2010. | ||
| Annual exempt amount - |
||
| individuals | £10,100 | £10,100 |
| most trustees | £5,050 | £5,050 |
Transfers bettween spouses and civil partners are generally not chargeable
