| On chargeable gains | Amount |
|---|---|
| Total taxable gains and income | |
| up to higher rate threshold | 10%* |
| from higher rate threshold | 20%* |
| Trust rate | 20%* |
*Higher rates (18%/28%) may apply to the disposal of certain residential property and carried interest.
| Annual exemption | |
|---|---|
| individuals | £11,700 |
| most trustees | £5,850 |
Transfers between spouses or civil partners living together are generally exempt.
Entrepreneurs’ Relief and Investors’ 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 per relief.