Capital Gains Tax
Tax Rates – Individuals |
22/23 |
21/22 |
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. |
£12,300 |
£12,300 |
Trusts generally |
£6,150 |
£6,150 |
Chattels gain limited to 5/3rds of proceeds exceeding |
£6,000 |
£6,000 |
Business Asset Disposal Relief |
