You are using an outdated browser. Upgrade your browser today for a better experience of this site and many others.
Logon | For a free consultation call: 01788 543164
Capital Gains Tax (CGT) is payable by individuals, trustees and 'personal representatives' (PRs). Companies pay corporation tax on their capital gains.
There are annual tax free allowances (the 'annual exempt amount') for individuals, trustees and PRs. Companies do not have an annual exempt amount.
For individuals net gains are added to 'total taxable income' to determine the appropriate rate of tax. The standard rate applies only to the net gains which, when added to total taxable income do not exceed the 'basic rate band'.
Gains which qualify for 'Investors' Relief' are charged at 10% for the first £10m of qualifying gains.
Gains which qualify for 'Entrepreneurs' Relief' are charged at 10% for the first £1 million.
The higher rate applies to higher rate and additional rate taxpayers.
Additionally, higher rates of 18% and 28% may apply to the disposal of certain residential property.
We provide excellent advice and first class service to our business and personal clients alike - sing modern technology to your advantage..
A review of measures for UK businesses and individuals.
Details of the Spring Budget 2023. Our summary focuses on the key issues.
Factsheets covering a range of relevant accountancy and business topics.