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Capital Gains
Annual Exempt Amount
| 2017-18 | 2016-17 | ||
|---|---|---|---|
| Individuals | Exemption | £11,300 | £11,100 |
| Chattels proceeds exemption | £6,000 | £6,000 | |
| Standard Rate for other chargeable assets | 10% | 10% | |
| Standard Rate on Residential property (not principal place of residency) |
18% | 18% | |
| Higher Rate tax payers on other chargeable assets | 20% | 20% | |
| Higher Rate tax payers on Residential property (not principal place of residency) |
28% | 28% | |
| Trusts | Exemption | £5,650 | £5,550 |
| Balance of Gains | 28% | 28% | |
Entrepreneurs' Relief
- For disposals on or after 6th April 2011 the first £10M (£5M for disposals on/after 23rd June 2010 and before 6th April 2011) of qualifying gains are charged at 10%.
- Gains in excess of the limit are charged at the rates detailed above.
100% Reliefs on:
- Enterprise Investment Schemes.
- Venture Capital Trusts.
- Principal Private Residence.
Tax Year 2017-18 Rates
- 10% and 20% tax rates for individuals (not including residential property and carried interest).
- 18% and 28% tax rates for individuals for residential property and carried interest.
- 20% for trustees or for personal representative of someone who has died (not including residential property).
- 28% for trustees or for personal representative of someone who has died for disposals of residential property.
- 10% for gains qualify for Entrepreneurs Relief.
- 28% for Capital Gains Tax on property where the annual tax on Enveloped Dwellings is paid - the annual exempt amount is not applicable.
- 20% for companies (non-residential Capital Gains Tax on the disposal of a UK residential property).
Tax Year 2016-17 Rates
- 10% and 20% tax rates for individuals (not including residential property and carried interest).
- 18% and 28% tax rates for individuals for residential property and carried interest.
- 20% for trustees or for personal representative of someone who has died (not including residential property).
- 28% for trustees or for personal representative of someone who has died for disposals of residential property.
- 10% for gains qualify for Entrepreneurs Relief.
- 28% for Capital Gains Tax on property where the annual tax on Enveloped Dwellings is paid - the annual exempt amount is not applicable.
- 20% for companies (non-residential Capital Gains Tax on the disposal of a UK residential property).
Click Here 
to download the current tax year's abacus Tax Tables pdf booklet
Click Here to download the previous tax year's abacus Tax Tables pdf booklet
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