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Capital Gains Tax
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Capital Gains Tax
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2021/22 |
2020/21 |
2019/20 |
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Rates |
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Residential property rates |
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Basic rate |
18% |
18% |
18% |
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Higher rate |
28% |
28% |
28% |
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Additional rate |
28% |
28% |
28% |
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Other chargeable asset rates |
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Basic rate |
10% |
10% |
10% |
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Higher rate |
20% |
20% |
20% |
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Additional rate |
20% |
20% |
20% |
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Companies |
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Added to income on corporation tax return |
19% |
19% |
19% |
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Trusts |
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Trustees |
20% |
20% |
20% |
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Capital gains tax reliefs – lifetime limits |
2021/22 |
2020/21 |
2019/20 |
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Business Asset Disposal Relief (Entrepreneurs’ Relief) |
10% |
£1,000,000 |
£1,000,000 |
£10,000,000 |
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Investors’ relief |
10% |
£10,000,000 |
£10,000,000 |
£10,000,000 |
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Annual exemptions |
2021/22 |
2020/21 |
2019/20 |
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Individuals and estates |
£12,300 |
£12,300 |
£12,000 |
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Trusts |
£6,150 |
£6,150 |
£6,000 |
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Chattels (5/3 taxable on excess above) |
£6,000 |
£6,000 |
£6,000 |
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