Carrington Accountancy

tel: 020 7324 6020

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We can help
reduce tax liabilities and plan for a
tax efficient future

Limited Company tax calculator

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PAYE umbrella calculator

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Capital Gains Tax

Capital Gains Tax Rates and Bands 2009/10

Standard rate

18%

Entrepreneurs' relief - effective rate

10%

Annual exemption - individual

£10,100

Annual exemption - settlement(s)

£5,050

Entrepreneurs' relief (from 6 April 2008)

£1 million

Entrepreneurs' relief is available in respect of gains made on the disposal of all or part of a business, or gains made on disposals of assets following the cessation of a business or gains by certain individuals who were involved in running the business. The first £1 million of gains in a lifetime since 6 April 2008 that qualify, will be charged to CGT at an effective rate of 10%. Gains in excess of £1 million will be charged at the normal rate of 18%. An individual will be able to make claims for relief on more than one occasion, up to a lifetime total of £1 million of gains qualifying for relief.

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