Period from 6 April 2008 to 22 June 2010

For the period 6 April 2008 to 22 June 2010, capital gains tax was charged at a single flat rate of 18%, regardless of the person chargeable, the nature of the asset involved or the length of ownership of that asset (TCGA 1992, s. 4, prior to amendment by Finance Act 2010).

Years up to and including 2007–08


In years up to and including 2007–08, the rate of capital gains tax was determined by the rate of income tax which would be chargeable if the whole of the chargeable gains were treated as income and regarded as the highest slice of the individual’s total taxable income (TCGA 1992, s. 4(3), prior to amendment by Finance Act 2008). Consequently:

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