Capital Gains Tax
2017/18 2016/17 Annual exemption Individuals, estates £11,300 £11,100 Most trusts 5,650 5,550 Tax rate Individual (to basic rate limit)* 10% 10% Individual (above basic rate limit)* 20% 20% Entrepreneurs' Relief (ER)** 10% 10% Trusts, estates* 20% 20%
*Individuals are taxed at 18%/28% on gains on residential property and receipts of carried interest. Trusts are taxed at 28% in these circumstances.
**ER is available for lifetime gains of up to £10m. Qualifying disposals include a trading business and shares in a trading company (from a minimum 5% holding) by an officer/employee. Various conditions apply.
Shares in an unquoted trading company may be eligible for a 10% CGT rate on lifetime gains up to £10m, if disposed of after 5 April 2019 by someone who is neither a paid officer nor employee of the company (Investors’ Relief).