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Tax tables 2005-06
Capital Gains Tax
| Exemptions |
| |
05-06 |
04-05 |
| Individuals, estates, etc. |
£8,500 |
£8,200 |
| Trusts generally |
£4,250 |
£4,100 |
| Chattels ( 5/3 taxable on excess gain
proceeds) |
£6,000 |
£6,000 |
| Rates |
| |
05-06 |
04-05 |
| Individuals |
As savings rates |
| Trusts and estates |
40% |
40% |
| Taper Relief for 04-06 |
| Percentage of gain chargeable is based on the number of complete years an asset is owned after 05.04.98. |
| Years owned |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
| Business Assets |
50 |
25 |
25 |
25 |
25 |
25 |
25 |
25 |
25 |
25 |
| Other Assets* |
100 |
100 |
95 |
90 |
85 |
80 |
75 |
70 |
65 |
60 |