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Frequently Asked Question – Is there an annual exemption from Capital Gains Tax?

April 26, 2017annual capital gains tax

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Frequently Asked Question – Is there an annual exemption from Capital Gains Tax?

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Every year there is an annual exemption from Capital Gains Tax and in the year 2007/08 your first £9,200 of gains is exempt. In the case of trusts, it’s £4,600. The rate of Capital Gains Tax is, for individuals, either 10, 20 or 40 per cent and for trustees and personal representatives it’s 40 per cent.