Capital Gains Tax

 

 

2013/2014

2012/2013

Individuals

Exemption

£10,900

£10,600

 

Standard Rate

18%

18%

 

Higher Rate*

28%

28%

Trusts

Exemption

£5,450

£5,300

 

Rate

28%

28%

*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.

Capital Gains Calculator

These two calculators show how much CGT you might be liable to pay and how utilising various reliefs can reduce that liability. Simply enter a few numbers and let these tools do all the maths for you.

Capital Gains Calculators

Contact us today to arrange a free initial meeting with John Galley to discuss your requirements.

 

 

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