|
|
| Individuals |
- exemption |
£8,500
|
£8,200
|
| Balance of gains (reduced by taper relief) charged as top slice of income (at savings rates - ie 10%, 20% or 40%) |
|
|
|
|
| Trusts |
- exemption |
£4,250
|
£4,100
|
|
- balance of gains (reduced by taper relief) |
40%
|
40%
|
|
| Percentage
relief depends on number of complete years asset owned after
5.4.98. |
| Years of ownership |
1
|
2
|
3
|
4
|
5
|
6
|
7
|
8
|
9
|
10
|
| Business assets (%
relief) |
50
|
75
|
75
|
75
|
75
|
75
|
75
|
75
|
75
|
75
|
| Non-business assets*
(% relief) |
0
|
0
|
5
|
10
|
15
|
20
|
25
|
30
|
35
|
40
|
|
 |
tax rates & reliefs,
tax credits,
pension premiums,
fuel benefits,
mileage allowance,
ISAs,
corporation tax,
capital allowances,
value added tax,
capital gains
tax,
inheritance tax,
stamp duty tax,
national insurance,
social security,
self assessment.
|
 |
| Please
contact us if you wish to discuss any matters raised. |
|
 |
|
