Capital Gains Tax

2011/12 (£)

2010/11 (£)

Rates of tax

Individuals (from 23/06/2010)

- Standard rate taxpayers

18%

- Higher rate taxpayers

28%

Companies - added to income

21% / 28%

Discretionary and Accumulation & Maintenance Trusts (from 23/06/10)

28%

18%

Interest In Possession Trusts (28% from 23/06/10)

28%

18%

Exemptions

Individuals and most estates

10,600

10,100

Most trusts

5,300

5,050

Chattels (5/3 taxable on excess above)

6,000

Entrepreneurs’ Relief: (from 23/06/2010)

Upto £5,000,000

Over £5,000,000

10%

28%

Entrepreneurs’ Relief: (to 22/06/2010)

Up to £2,000,000

10%

Over £2,000,000

18%

Entrepreneurs’ Relief: (2009/10)

Up to £1,000,000

10%

Over £1,000,000

18%