Capital Gains Tax

2010/11 and 2009/10

Individuals

£

Exemption

10,100

Balance of gains

18%

Trusts

Exemption

5,050

Balance of gains (reduced by taper relief* for 2007/08).

18%

Entrepreneurs' Relief
The first £2m (£1m for disposals before 6 April 2010) of qualifying gains are charged at an effective rate of 10%. Gains in excess of the limit are charged at 18%.