Bacha & Bacha

Capital Gains Tax

Our Resource Centre provides a summary of some of the essential tax rates, dates and figures for 2012/13.

The Tax Rates Centre are for guidance only and professional advice should be obtained before acting on any information contained as no responsibility can be accepted for loss occasioned as a result of action taken or refrained from in consequence of its contents.

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 2012/13 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 £1,060 for each trust.