If you are looking at Capital Gains Tax or planning your finances, please feel free to contact us. We can discuss your specific circumstances to help you plan tax efficiently.
| 2020/21 | 2021/22 | 2022/23 | 2023/24 | 2024/25 | ||
|---|---|---|---|---|---|---|
| Individuals | ||||||
| Exemption | £12,300 | £12,300 | £12,300 | £6,000 | £3,000 | |
| Standard rate | 10% | 10% | 10% | 10% | 10% | |
| Higher rate* | 20% | 20% | 20% | 20% | 20% | |
| Trusts | ||||||
| Exemption | £6,150 | £6,150 | £6,150 | £3,000 | £1,500 | |
| Rate | 20% | 20% | 20% | 20% | 20% | |
| *For higher and additional rate taxpayers |
# A standard rate of 18% and higher rate of 28% applies to gains on residential property and carried interests.
Entrepreneurs’ Relief
The first £10m of qualifying gains are charged at 10%. Gains in excess of the limit are charged at the rates detailed above.
External Long Term Gain Relief in Unlisted Companies
The first £10m of qualifying gains are charged at 10%. Gains in excess of the limit are charged at the rates detailed above.
Please contact us for further information.
