Capital Gains Tax

Written By Nicky Parker
2023/242022/23
ANNUAL EXEMPTION AMOUNT
Individuals, estates£6,000£12,300
Most trusts£3,000£6,150
TAX RATE
Individual (to basic rate limit)*10%10%
Individual (above basic rate limit)*20%20%
Trusts, estates*20%20%
Business Asset Disposal Relief (BADR)**10%10%

*Individuals are taxed at 18%/28% on gains on residential property and receipts of carried interest. Trusts and estates are taxed at 28% in these circumstances.

**BADR is available on qualifying gains of up to a lifetime limit of £1m.

Nicky Parker

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