Capital Gains Tax
Capital gains tax rates and bands for 2015/16
On chargeable gains
Total taxable income and gains:
up to £31,785
from £31,786
18%
28%
Annual exemption
-
£11,100
-
£5,550
Chattels exemption
(proceeds per item or set)
£6,000
Entrepreneurs' Relief
Qualifying gains will be taxed at 10%.
Claims may be made on more than one occasion up to a “lifetime” total of £10 million.
Notes