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Capital gains tax

Capital gains tax rates and bands for 2018/19

On chargeable gains	Amount
Total taxable gains and income
up to higher rate threshold	10%*
from higher rate threshold	20%*
Trust rate	20%*

*Higher rates (18%/28%) may apply to the disposal of certain residential property and carried interest.

Annual exemption
individuals	£11,700
most trustees	£5,850

Transfers between spouses or civil partners living together are generally exempt.

Entrepreneurs' Relief and Investors' Relief

Qualifying gains will be taxed at 10%.

Claims may be made on more than one occasion up to a 'lifetime' total of £10 million per relief.