index
Tax tables 2008/09
Capital Gains Tax
| Exemptions |
| |
2008/09 |
2007/08 |
| Individuals, estates, etc. |
£9,600 |
£9,200 |
| Trusts generally |
£4,800 |
£4,600 |
| Chattels ( 5/3 taxable on excess gain
proceeds) |
£6,000 |
£6,000 |
| Rates |
| |
2008/09 |
2007/08 |
| Individuals |
18% |
10%, 20% or 40% |
| Trusts and estates |
18% |
40% |
| Entrepreneurs' Relief 2008/09: |
4/9ths of business gain (effective tax rate of 10%).
Lifetime limit: £1,000,000
For trading businesses and companies (min. 5% employee/director shareholding) held for at least one year |
| Taper Relief for 2008/09 |
| Percentage of gain chargeable |
| 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 |
© Copyright 12 March 2008, subject to Finance Act 2008. For information only. Always seek professional advice before acting.
