• Introduction
• Income Tax
• Capital Gains Tax
• Corporation Tax
• Capital Allowances
• Value Added Tax
• Inheritance Tax
• Vehicle Benefits
• Mileage Allowances
• National Insurance Contributions
• Key Dates & Deadlines
• Pension Premiums and Withdrawals
• Charitable Giving
• Savings & Investments
• Some Useful Rates
• Stamp Taxes
• Land and Buildings Transaction Tax

Capital Gains Tax

Capital gains tax rates and bands for 2015/16
On chargeable gains
Total taxable income and gains:        up to £31,785        from £31,786	18% 28%
Annual exemption
- individual	£11,100
- most trustees	£5,550
Chattels exemption
(proceeds per item or set)	£6,000

Entrepreneurs' Relief

Qualifying gains will be taxed at 10%.

Claims may be made on more than one occasion up to a “lifetime” total of £10 million.

Notes

1. Transfers between husband and wife or civil partners living together are generally exempt.
2. Capital gains of all trusts for 2015/16 are taxed at the rate of 28%. Where there are several trusts created by the same settlor, the annual exemption is divided equally between them, subject to a minimum exemption of £1,110 for each trust.