Capital Gains Tax

 

 

2018/19

2017/18

 

 

 

 

Standard rate taxpayers 

10%

10%

 

 

 

 

Higher rate taxpayers 

18%

18%

       

 

 Note that gains on buy to let properties and second homes remain at 18% for basic rate taxpayers and 28% for higher rate taxpayers.

 

 

 

 

Entrepreneurs' relief - effective rate      

10%

10%

 

 

 

 

 

 

 

Annual exemption

 

 

 

 

 

- Individual

£11,700

£11,300

- Trusts 

£5,850

£5,650

 

 

 

Chattels exemption

£6,000

£6,000

 

 

 

Entrepreneurs' relief (Lifetime limit)

£10m

£10m

Office Information

Williams Knowles & Co

Lloyd Chambers

139 Carlton Road

Worksop

S81 7AD

 

Telephone:  (01909) 500232

 

Facsimile:    (01909) 473544

 

Email: williamsknowlesco@

           btopenworld.com

 

Office hours:

 

Monday to Friday 9am to 5pm

 

Other times are available by appointment