Capital Gains Tax
| Capital Gains Tax: Individuals and Trustees | 2022-23 | 2021-22 |
| Annual exempt amount | ||
| Individuals | £12,300 | £12,300 |
| Trusts | £6,150 | £6,150 |
| Rates | ||
| Standard rate taxpayers | 10% | 10% |
| Higher rate taxpayers / Trustees | 20% | 20% |
| Business Asset Disposal Relief Rate lifetime limit | £1,000,000 | £1,000,000 |
| Business Asset Disposal Relief Rate | 10% | 10% |
| Investors’ relief lifetime limit | £10,000,000 | £10,000,000 |
| Investors’ relief rate | 10% | 10% |
| * There is an 8% surcharge on the sale of chargeable residential property and carried interest (the share of profits or gains that is paid to asset managers). | ||
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