		2018-19	2017-18
Individuals	Exemption	£11,700	£11,300
	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	£5,850	£5,650
Trusts	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:

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

copyright	privacy	terms & conditions	disclaimer	help	cookie policy
© abacus Franchising Company Limited