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Resource Centre Tax Fact Sheets Capital Gains Tax
Capital Gains Tax
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2020/21 |
2019/20 |
2018/19 |
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Rates of tax |
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Individuals |
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- Standard rate taxpayers |
10% |
10% |
10% |
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- Additional rate taxpayers |
20% |
20% |
20% |
Companies - added to income |
19% |
19% |
19% |
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Discretionary and Accumulation & Maintenance Trusts |
20% |
20% |
20% |
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Interest in Possession Trusts |
20% |
20% |
20% |
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Higher rate will apply to specific residential property sales. |
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- Standard rate individuals |
18% |
18% |
18% |
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- Higher rate taxpayers and trusts |
28% |
28% |
28% |
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Exemptions |
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Individuals and most estates |
12,300 |
12,000 |
11,700 |
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Most trusts |
6,150 |
6,000 |
5,850 |
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Chattels (5/3 taxable on excess above) |
6,000 |
6,000 |
6,000 |
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Entrepreneurs’ Relief: |
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Rate on gains with relief: |
10% |
10% |
10% |
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Lifetime limit |
£1,000,000* |
£10,000,000 |
£10,000,000 |
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Investors' Relief: |
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Lifetime limit |
£10,000,000 |
£10,000,000 |
£10,000,000 |
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*For assets disposed of after 20 March 2020, otherwise the £10,000,000 limit applies |
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