| 2021/22 | 2020/21 | |
|---|---|---|
| Annual exemption | ||
| Individuals, estates | £12,300 | £12,300 |
| Most trusts | £6,150 | £6,150 |
| Tax rate | ||
| Individual (to basic rate limit)* | 10% | 10% |
| Individual (above basic rate limit)* | 20% | 20% |
| Entrepreneurs’ Relief (ER)** | 10% | 10% |
| Trusts, estates* | 20% | 20% |
*Individuals are taxed at 18%/28% on gains on residential property and receipts of carried interest. Trusts are taxed at 28% in these circumstances.
**ER is available for lifetime gains of up to £10m. Qualifying disposals include a trading business and shares in a trading company (from a minimum 5% holding) by an officer/employee. Various conditions apply.
Shares in an unquoted trading company may be eligible for a 10% CGT rate on lifetime gains up to £10m, if disposed of after 5 April 2022 by someone who is neither a paid officer nor employee of the company (Investors’ Relief).
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