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Capital Gains Tax: Individuals and Trustees | 2023-24 | 2022-23 |
Annual exempt amount | ||
Individuals | £6,000 | £12,300 |
Trusts | £3,000 | £6,150 |
Rates | ||
Standard rate taxpayers | 10% | 10% |
Higher rate taxpayers / Trustees | 20% | 20% |
Business Asset Disposal Relief Rate lifetime limit | £1,000,000 | £1,000,000 |
Business Asset Disposal Relief Rate | 10% | 10% |
Investors’ relief lifetime limit | £10,000,000 | £10,000,000 |
| Investors’ relief rate | 10% | 10% |
* There is an 8% surcharge on the sale of chargeable residential property and carried interest (the share of profits or gains that is paid to asset managers). | ||
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