|
|
| Capital Gains Tax |
back |
 |
| Capital gains tax annual exempt
amount |
2004-05 (£)
|
2005-06 (£) |
| Individuals etc* |
8 200
|
8 500 |
| Other trustees |
4 100
|
4 250 |
|
* Individuals, trustees of settlements for the disabled, and personal
representatives of the estate of a deceased person.
The amount chargeable to Capital Gains Tax is added onto the top of
income liable to income tax for individuals and is charged to Capital
Gains Tax at these rates:
- below the starting rate limit at 10%,
- between the starting rate and basic rate limits at 20%,
- and above the basic rate limit at 40%.
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