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Capital Gains Tax
Tax Data 2008 / 2009
Individuals |
- exemption |
£9,600 |
£9,200 |
Balance of gains (reduced by taper relief) charged
as top slice of income (at savings rates - ie 10%, 20% or 40%) |
|
|
|
|
Trusts |
- exemption |
£4,800 |
£4,600 |
|
- balance of gains (reduced by taper relief) |
40% |
40% |
|
|
|
|
Up to £1,000,000 |
10% |
- |
Over £1,000,000 |
18% |
- |
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for the information of clients. It provides only an overview of the regulations
in force at the date of publication, and no action should be taken without
consulting the detailed legislation or seeking professional advice. Therefore
no responsibility for loss occasioned by any person acting or refraining
from action as a result of the material can be accepted by the authors
or the firm.
© Copyright JE Consulting 2008. All
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