Capital gains tax

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 'Entrepreneurs' Relief' or 'Investors' Relief' are charged at 10% for the first £10m of qualifying gains.

Individuals 2019/20 2018/19
Exemption £12,000 £11,700
Standard rate 10% 10%
Higher rate 20% 20%
Trusts 2019/20 2018/19
Exemption £6,000 £5,850
Rate 20% 20%

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.

Home | Contact the team | Site map | Accessibility | Disclaimer | Help | powered by totalSOLUTION. © 2019 Lawes and Co. All rights reserved.
Lawes and Co, Boyce's Building, Regent Street, Clifton, Bristol BS8 4HU

Lawes & Co. and Lawes are the trading names of Lawes & Co UK Limited. Registered in England and Wales No. 08462322. Registered office: Boyce's Building, 40 – 42 Regent Street, Clifton, Bristol, BS8 4HU
Registered to carry on audit work in the UK and regulated for a range of investment activities by The Institute of Chartered Accountants in England and Wales.
We use cookies on this website, you can find more information about cookies here.