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JGM
JGM, Solicitor
Category: Family Law
Satisfied Customers: 11567
Experience:  30 years as a practising solicitor. Partner in own firm.
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what is the current rate of capital gains tax

Resolved Question:

what is the current rate of capital gains tax
Submitted: 2 years ago.
Category: Family Law
Expert:  JGM replied 2 years ago.
Thank you question.
Capital Gains Tax Rates and Annual Exempt Amounts are as follows:
Annual Exempt Amount
Individuals, Personal Reps and Trustees People £11,000
Other Trustees £5,500
CGT Tax Rates
Individuals - Basic Rate Taxpayer 18%
Individuals - Higher Rate Taxpayer 28%
Personal Representative of a Deceased Individual 28%
Gains Qualifying ' Relief
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