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).

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.