CAPITAL GAINS TAX

Capital Gains Tax: Individuals and Trustees

2023-24

2022-23

Annual exempt amount

Individuals

£6,000

£12,300

Trusts

£3,000

£6,150

Rates

Standard rate taxpayers

10%

10%

Higher rate taxpayers / Trustees

20%

20%

Business Asset Disposal Relief Rate lifetime limit

£1,000,000

£1,000,000

Business Asset Disposal Relief Rate 

10%

10%

Investors' relief lifetime limit

£10,000,000

£10,000,000

Investors' relief rate 10% 10%

* There is an 8% surcharge on the sale of chargeable residential property and carried interest (the share of profits or gains that is paid to asset managers).


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