•There are two main rates of capital gains tax for individuals: 10% and 20%. The 20% rate applies to gains in excess of any unused part of the income tax basic rate band. Additionally, increased rates (18% and 28%) apply to certain disposals of residential property. See ¶14050. Individuals and trustees also benefit from an annual exempt amount (see ¶15000).

•The standard rate for trustees and personal representatives is 20% (see ¶14055).

•A person who is UK resident in a tax year is liable to CGT on chargeable gains made in that year (see ¶14100).