Capital Gains Tax
2011/12 |
2010/1123.6.10 - 5.4.11 |
|
| Individuals | £ | £ |
| Exemption | 10,600 | 10,100 |
| Standard rate | 18% | 18% |
| Higher rate* | 28% | 28% (18%) |
| Trusts | ||
| Exemption | 5,300 | 5,050 |
| Rate | 28% | 28% (18%) |
| *For higher and additional rate taxpayers | ||
| Entrepreneurs’ Relief For disposals on or after 6 April 2011 the first £10m (£5m for disposals on or after 23 June 2010 and before 6 April 2011) of qualifying gains are charged at 10%. Gains in excess of the limit are charged at the rates detailed above. |
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