Capital Gains Tax

Tax Data 2008 / 2009

		2008/09	2007/08
Individuals	- exemption	£9,600	£9,200
Balance of gains (reduced by taper relief) charged as top slice of income (at savings rates - ie 10%, 20% or 40%)

Trusts	- exemption	£4,800	£4,600
	- balance of gains (reduced by taper relief)	40%	40%


Entrepreneurs relief	2008/09	2007/08
Up to £1,000,000	10%	-
Over £1,000,000	18%	-

For information of users: This material is published for the information of clients. It provides only an overview of the regulations in force at the date of publication, and no action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a result of the material can be accepted by the authors or the firm.

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