The latest Capital Gains Tax Rates 2013/14 can be found in the summary table below:
| 2013/14 | ||
|---|---|---|
| Standard rate | 18% | |
| Higher rate | 28% | |
| Entrepreneurs’ relief – effective rate | 10% | |
| Entrepreneurs’ relief | £10 mil. | |
| Annual exemption | ||
| – individual | £10,900 | |
| – settlement(s) (spread over total number) | £5,450 | |
| Chattels exemption | ||
| (proceeds per item or set) | £6,000 | |
| Marginal relief | 5/3 excess over £6,000 | |
Notes
- Transfers between spouses and civil partners living together are exempt.
- Entrepreneurs’ relief is available in respect of gains made on the disposal of all or part of a business, or gains made on disposals of assets following the cessation of a business or gains by certain individuals who were involved in running the business (minimum 5% employee/director shareholding held for one year or more).
If you would like to discuss the Capital Gains Tax Rates for 2013/14 and how they affect you or your business then please get in touch.
