Capital gains tax

Capital Gains Tax (CGT) is payable by individuals, trustees and 'personal representatives' (PRs). Companies pay corporation tax on their capital gains.

There are annual tax free allowances (the 'annual exempt amount') for individuals, trustees and PRs. Companies do not have an annual exempt amount.

For individuals net gains are added to 'total taxable income' to determine the appropriate rate of tax. The standard rate applies only to the net gains which, when added to total taxable income do not exceed the 'basic rate band'.

Gains which qualify for 'Entrepreneurs' Relief' or 'Investors' Relief' are charged at 10% for the first £10m of qualifying gains.

Individuals 2018/19 2017/18
Exemption £11,700 £11,300
Standard rate 10% 2 10% 2
Higher rate 1 20% 2 20% 2
Trustees 2018/19 2017/18
Exemption £5,850 £5,650
Rate 20% 20%

Note...

  1. For higher and additional rate taxpayers.
  2. Higher rates of 18% and 28% may apply to the disposal of certain residential property.
About us

Arthur G Mead Ltd was established in 1929

Arthur G Mead is an independent firm of chartered accountants and business advisors...

Contact details

020 7387 6046

Arthur G Mead Ltd, 4th Floor, Fitzrovia House, 153-157 Cleveland Street, London W1T 6QW

Arthur G Mead Ltd, Registered in England and Wales. Registered Office 4th Floor, Fitzrovia House 153-157 Cleveland Street, London W1T 6QW. Company Number 04982444.
Registered to carry on audit work in UK and Republic of Ireland (Audit Registration Number C002822507).

© 2019 Arthur G Mead Ltd. All rights reserved. We use cookies on this website, you can find more information about cookies here. powered by totalSOLUTION