Capital Gains Tax
2010/11 and 2009/10 |
|
| Individuals | £ |
| Exemption | 10,100 |
| Balance of gains | 18% |
| Trusts | |
| Exemption | 5,050 |
| Balance of gains (reduced by taper relief* for 2007/08). | 18% |
| Entrepreneurs’ Relief The first £2m (£1m for disposals before 6 April 2010) of qualifying gains are charged at an effective rate of 10%. Gains in excess of the limit are charged at 18%. |
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