Capital Gains Tax Table
Capital Gains Tax is a tax on the gain or profit you make when you sell, give away or otherwise dispose of something. It applies to assets that you own, such as shares or property. There’s a tax-free allowance and some additional reliefs that may reduce your Capital Gains Tax bill. Sometimes you may have no tax to pay.
|Individuals, estates etc||£10,900|
|Chattels proceeds (restricted to five thirds of proceeds exceeding limit)||£6,000|
|Up to basic rate limit||18%|
|Above basic rate limit||28%|
|Trustees and Personal Representatives||28%|
|Entrepreneurs’ Relief* – Gains taxed at:||10%|
*For trading businesses and companies held for at least one year
What is Capital Gains Tax?
Capital Gains Tax is a tax on the profit or gain you make when you sell or ‘dispose of’ an asset.
You usually dispose of an asset when you cease to own it.For example selling it, gifting it,transfer or exchange an asset.