FOR PROFESSIONAL ADVISERS ONLY
Capital Gains Tax Exempt Amounts and Rates
| 2014/15 | 2013/14 | 2012/13 | 2011/12 | |
|---|---|---|---|---|
| Individuals | £11,000 | £10,900 | £10,600 | £10,600 |
| Trustees - reduced by 50% for most trusts | £5,500 | £5,450 | £5,300 | £5,300 |
| Principle Private Residence Exemption | No limit | No limit | No limit | No limit |
| Chattels Exemption | £6,000 | £6,000 | £6,000 | £6,000 |
| Retirement Relief: age 50 and above or less than 50 on ill-health grounds | Nil | Nil | Nil | Nil |
| Rates (a) Individuals | 18%* | 18%* | 18%* | 18%* |
| (b) Discretionary and accumulation and maintenance trusts | 28% | 28% | 28% | 28% |
| (c) Interest in possession trusts and personal representatives | 28% | 28% | 28% | 28% |
Older rates
| 2010/11 | 2009/10 | 2008/09 | 2007/08 | 2006/07 | |
|---|---|---|---|---|---|
| Individuals | £10,100 | £10,100 | £9,600 | £9,200 | £8,800 |
| Trustees - reduced by 50% for most trusts | £5,050 | £5,050 | £4,800 | £4,600 | £4,400 |
| Principle Private Residence Exemption | No limit | No limit | No limit | No limit | No limit |
| Chattels Exemption | £6,000 | £6,000 | £6,000 | £6,000 | £6,000 |
| Retirement Relief: age 50 and above or less than 50 on ill-health grounds | Nil | Nil | Nil | Nil | Nil |
| Rates (a) Individuals | 18%* | 18% | 18% | 10%, 20% and/or 40% | 10%, 20% and/or 40% |
| (b) Discretionary and accumulation and maintenance trusts | 18% | 18% | 18% | 40% | 40% |
| (c) Interest in possession trusts and personal representatives | 18% | 18% | 18% | 40% | 40% |
* For basic rate taxpayers only. From 23 June 2010 higher and additional taxpayers pay 28%
Last updated: 11 Nov 2014