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CAPITAL GAINS TAX

Income tax rates

Income tax allowances

Capital gains tax

Corporation tax

Inheritance tax

National insurance

Pension relief

Scale benefits for vehicles

Mileage Allowance

VAT

.

2012-13
2011-12
Rates for individuals
On gains above the annual exemption and within basic rate band
18%
18%
On gains within the higher rate band
28%
28%
     
Rates for trusts
On all gains above the annual exemption
28%
28%
     
Annual exemptions
Individuals and certain trusts
10600
10600
Trusts generally
5300
5300
Personal representatives for year of death and next two years only
10600
10600
     
Entrepreneurs' relief
Rate on gains subject to entrepreneurs' relief 10% 10%
Entrepreneurs' relief lifetime limit of gains £10m £10m

 

 

 


The Tax Practice (Guildford) Limited registered in England & Wales 4414698