Capital Gains Tax |
|
|
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 6 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 between spouses and civil partners are generally exempt |
| |
|
|
|
|
