Capital Gains Tax

2011/12

Individuals£ / rate
Annual exempt amount for individuals10,600
Standard rate tax payers18%
Higher rate tax payer28%
Entrepreneurs rate10%

Entrepreneurs’ Relief

For disposals on or after 6 April 2011 the first £10m (£5m for disposals on/after 23 June 2010 and before 6 April 2011) of qualifying gains are charged at 10%. Gains in excess of the limit are charged at the rates detailed above.