FOR PROFESSIONAL ADVISERS ONLY

Capital Gains Tax Exempt Amounts and Rates

 2014/152013/142012/132011/12
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

 2010/112009/102008/092007/082006/07
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