UHY Hacker Young - Capital Gains Tax

	2011/12	2010/11 23.6.10 - 5.4.11
Individuals	£	£
Exemption	10,600	10,100
Standard rate	18%	18%
Higher rate*	28%	28% (18%)
Trusts
Exemption	5,300	5,050
Rate	28%	28% (18%)
*For higher and additional rate taxpayers
Entrepreneurs’ Relief For disposals on or after 6 April 2011 the first £10m (£5m for disposals on or after 23 June 2010 and before 6 April 2011) of qualifying gains are charged at 10%. Gains in excess of the limit are charged at the rates detailed above.

2011/12

2010/11
23.6.10 - 5.4.11

Individuals

Exemption

10,600

10,100

Standard rate

18%

Higher rate*

28%

28% (18%)

Trusts

Exemption

5,300

5,050

Rate

28%

28% (18%)

*For higher and additional rate taxpayers

Entrepreneurs’ Relief
For disposals on or after 6 April 2011 the first £10m (£5m for disposals on or after 23 June 2010 and before 6 April 2011) of qualifying gains are charged at 10%. Gains in excess of the limit are charged at the rates detailed above.

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