Capital Gains Tax
2010/11 |
6.4.10 - 22.6.10 |
23.6.10 - 5.4.11 |
| Individuals |
£ |
£ |
| Exemption |
10,100 |
10,100 |
| Balance of gains |
18% |
18% |
| Higher rate* |
- |
28% |
| Trusts |
|
|
| Exemption |
5,050 |
5,050 |
| Rate |
18% |
28% |
| *For higher and additional rate taxpayers |
Entrepreneurs' Relief
The first £5m (£2m for disposals on/after 6 April 2010 and before 23 June 2010) of qualifying gains are charged at an effective rate of 10%. Gains in excess of the limit are charged at the rates detailed above. |
