NEWS
March 14, 2017
| CAPITAL GAINS TAX | ||
| Tax Rates – Individuals | 18/19 | 19/20 |
| Below UK higher rate income tax band
| 10% | 10% |
| Within UK higher and additional rate income tax bands | 20% | 20% |
| Tax rate – Trusts and estates | 20% | 20% |
| Surcharge for residential property and carried interest | 8% | 8% |
| Exemptions | ||
| Annual exempt amount: Individuals, estates, etc | £11,700 | £12,000 |
| Trusts generally | £5,850 | £6,000 |
| Chattels: gain limited to 5/3rds of proceeds exceeding | £6,000 | £6,000 |
| Entrepreneurs’ Relief 10% on lifetime limit of | £10,000,000 | £10,000,000 |
| For trading businesses and companies (minimum 5% participation) held for at least | 1 year | 2 years |
PLEASE NOTE: By the very nature of this type of information the details of tax law might have changed since they were published, so contact your Barnes Roffe partner before acting on any matter contained in this document.
West London
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Cowley Mill Road,
Uxbridge, UB8 2FX
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East London
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London, E11 1GA
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South London
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London Bridge
1st Floor,
73–81 Southwark Bridge Road,
London, SE1 0NQ
73–81 Southwark Bridge Road,
London, SE1 0NQ
T +44 (0) 20 3814 9990
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London, EC2M 1JH
London, EC2M 1JH
T +44 (0) 20 3890 7360
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PLEASE NOTE: By the very nature of this type of information the details of tax law might have changed since they were published, so contact your Barnes Roffe partner before acting on any matter contained in these documents.
