Unizone
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Capital Gains Tax (2007/08)
Annual Exemptions
| Individuals |
£9,200 |
| Trusts |
£4,600 |
| Chattels Exemption |
£6,000 |
Rates
| Individuals |
10%, 20% or 40% * |
| Trusts |
40% |
* depends on marginal rate of tax
Taper Relief
Owned for
(years) |
0 |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
Business
Assets (%) |
100 |
50 |
25 |
25 |
25 |
25 |
25 |
25 |
25 |
25 |
25 |
Non-Business
Assets (%) |
100 |
100 |
100 |
95 |
90 |
85 |
80 |
75 |
70 |
65 |
60 |
|