Capital Gains Tax rates and bands for 2011/12

Rates
2011 / 12
From 23 June 2010

Individuals, as top slice of income
on taxable gains up to basic rate limit
on taxable gains above basic rate limit
Trusts generally/personal representatives

18%
28%
28%

18%
28%
28%
Annual Exemption
.
.
- individual
£10,600
£10,100
- most trustees
£5,300
£5,050
Chattels (proceeds per item or set)
£6,000
£6,000
Entrepreneurs' Relief
.
.
pre 23 June 2010
.
£2,000,000
23 June 2010 - 5 April 2011
.
£5,000,000
From 6 April 2011
£10,000,000
.

Transfers between husband and wife or civil partners living together are generally exempt.