Capital Gains Tax

2010/11
2009/10
Individuals
£
£
Exemption
10,100
10,100
Balance of gains
18%
18%
 
Trusts
Exemption
5,050
5,050
Balance of gains
18%
18%

Entrepreneurs’ Relief
For gains arising on or after 6 April 2010, the first £1m of qualifying gains are charged at an effective rate of 10%. Gains in excess of £1m are charged at 18%.