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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.

EXEMPTIONS 2013-2014
Individuals, estates etc £10,900
Trusts generally £5,450
Chattels proceeds (restricted to five thirds of proceeds exceeding limit) £6,000
TAX RATES 2013-2014
Individuals:
Up to basic rate limit 18%
Above basic rate limit 28%
Trustees and Personal Representatives 28%
Entrepreneurs’ Relief* – Gains taxed at: 10%
Lifetime Limit £10,000,000

*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.

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