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| Individuals |
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|
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| Exemption |
9,600
|
9,200
|
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| For 2008/09, balance of gains charged at 18%. For 2007/08, balance of gains (reduced by taper relief*) charged as top slice of income (at savings rates i.e. 10%, 20% or 40%). |
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| Trusts | |||
| Exemption |
|
|
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| Balance of gains (reduced by taper relief* for 2007/08). |
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| *Taper relief abolished for gains arising on or after 6 April 2008. Entrepreneurs’ Relief For gains arising on or after 6 April 2008, the first £1m of qualifying gains are charged at an effective rate of 10%. Gains in excess of £1m are charged at 18%. |
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