Capital Gains Tax

2008/09 (£)

2007/08 (£)

Rates of tax

Individuals - flat rate from 06/04/08

18%

10%/20%/40%

Companies - added to income

20%/28%

20%/30%

Discretionary and Accumulation & Maintenance Trusts

18%

40%

Interest In Possession Trusts

18%

40%

Exemptions

Individuals and most estates

9,600

9,200

Most trusts

4,800

4,600

Chattels (5/3 taxable on excess above)

6,000

Entrepreneurs relief:

Up to £1,000,000

10%

Over £1,000,000

18%