Capital gains tax

Capital gains tax rates and bands are as follows:
2014/15 2013/14
Standard rate 18% 18%
Higher rate 28% 28%
Entrepreneurs' relief - effective rate 10% 10%
Entrepreneurs' relief £10 mil. £10 mil.
Annual exemption    
- individual £11,000 £10,900
- settlement(s) (spread over total number) £5,500 £5,450
Chattels exemption
(proceeds per item or set) £6,000 £6,000

2015/16 tax year

The capital gains tax annual exemption for 2015/16 has been announced as £11,100.


  1. Transfers between spouses and civil partners living together are exempt
  2. 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