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Gains Tax
Capital Gains Tax
Tax Data 2008 / 2009
|
|
2008/09 |
2007/08 |
Individuals |
- exemption |
£9,600 |
£9,200 |
Balance of gains (reduced by taper relief) charged as top slice of income (at savings rates - ie 10%, 20% or 40%) |
|||
|
|
|
|
Trusts |
- exemption |
£4,800 |
£4,600 |
|
- balance of gains (reduced by taper relief) |
40% |
40% |
|
|
|
|
Entrepreneurs relief |
|
2008/09 |
2007/08 |
Up to £1,000,000 |
10% |
- |
|
Over £1,000,000 |
18% |
- |
|
For information of users: This material is published for the information of clients. It provides only an overview of the regulations in force at the date of publication, and no action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a result of the material can be accepted by the authors or the firm.
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