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2010/11 Capital Gains Tax Rates
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Rates
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2008-09
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2009-10
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2010-11
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£
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£
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£
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Capital gains tax rate*
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18%
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18%
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18%
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Personal Allowances for individuals, personal representatives and trustees for disabled people.
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9,600
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10,100
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10,100
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Other trustees
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4,800
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5,050
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5,050
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| * Individuals in business and some trustees may claim Entrepreneur's Relief on the first £2 million (for 2009/10 £1 million)of gains made on the disposal of all or part of a business, the assets of a business after it has ceased to trade, and the shares in a personal trading company which that person has been actively involved in. The gain subject to Capital Gains Tax is reduced by 4/9 to arrive at an effective rate of 10%. Claims can be made on more than one occasion, as long as the total claims do not exceed £2 million of qualifying gains. |
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All articles on this website are the author's interpretation of the law, and no
liability whatsoever can be accepted for the use of this information. For individual
advice relating to the viewer's circumstances, professional legal or accountancy
advice should always be sought.
John Savage Accountancy, 16 Walsingham Place, Truro, Cornwall TR1 2RP Tel: 01872 271947
The firm is supervised under the Money Laundering Regulations 2007 by the Institute
of Financial Accountants.
Professional Indemnity Insurance is underwritten by Hiscox Insurance Company Ltd,
Hiscox House, Sheepen Place, Colchester, Essex CO3 3XL.
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