2017/18** 2016/17**
Tax rate Individuals:
Higher or additional rate taxpayer* 28% 28%
Others 18% 18%
Trusts† and personal representatives 28% 28%
Companies see CT rates see CT rates
Annual exemptions
Individuals £11,300 £11,100
Trusts (maximum) £5,650 £5,550
Chattels proceeds exemption £6,000 £6,000
Capital Gains Tax Entrepreneurs’ Relief# £10 million £10 million

*For higher and additional rate taxpayers
** Higher rates (18/28%) may apply to the disposal of certain residential property and carried interest.

† If settlor retains interest or may benefit, tax at settlor’s rate instead.
Special rules may apply for offshore trusts.
# The first £10 million of gains arising in connection with disposals of whole or part of a business, reduced by 4/9ths, giving a tax rate of 10% for basic rate taxpayers. For trading businesses and companies (minimum 5% employee/director shareholding held for at least 1 year).

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