Capital gains tax

CGT and Inheritance tax.

Call: 028 9038 2637 or Email: accountants@michaelhunterandcompany.co.uk

Capital gains tax rates and bands for 2018/19
On chargeable gains Amount
Total taxable gains and income
  up to higher rate threshold 10%*
  from higher rate threshold 20%*
Trust rate 20%*

*Higher rates (18%/28%) may apply to the disposal of certain residential property and carried interest.

Annual exemption
individuals £11,700
most trustees £5,850

Transfers between spouses or civil partners living together are generally exempt.

Entrepreneurs' Relief and Investors' Relief

Qualifying gains will be taxed at 10%.

Claims may be made on more than one occasion up to a 'lifetime' total of £10 million per relief.

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