You are using an outdated browser. Upgrade your browser today for a better experience of this site and many others.
Capital Gains Tax (CGT) is payable by individuals, trustees and 'personal representatives' (PRs). Companies pay corporation tax on their capital gains.
There are annual tax free allowances (the 'annual exempt amount') for individuals, trustees and PRs. Companies do not have an annual exempt amount.
For individuals net gains are added to 'total taxable income' to determine the appropriate rate of tax. The standard rate applies only to the net gains which, when added to total taxable income do not exceed the 'basic rate band'.
Gains which qualify for 'Entrepreneurs' Relief' are charged at 10% for the first £1m.
The higher rate applies to higher rate and additional rate taxpayers.
Additionally, higher rates of 18% and 28% may apply to the disposal of certain residential property.
Part of The
As of 5 November 2020, In line with government national restrictions, our staff are now working from home. We have a small team running the office to enable essential operations.
If you intend to drop off records please ensure you call ahead of your arrival, wear a mask and sanitize when entering the building.
You will understand that we are experiencing an increased volume of requests for assistance during this unprecedented time. We will answer all calls and emails as soon as we can but would like to apologise if it takes us longer than normal to respond.
Would you like to download our mobile app from the App Store?