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So, analysis of my stats shows that one of the most frequently used “search term” which leads to my blog is “CGT rates 2013/14”.

Being the helpful soul that I am, here is the link to HMRC’s website setting out the AEA per “customer group” for 2012 – 15 together with rates up until 2014.

I’ve looked for but cannot find confirmation of 2014/15 rate on HMRC’s website. From other internet information it looks like they will be the same as for 2013/14. You will find a comprehensive table on the Ross martin website here.

This link will take you to HMRC’s website – the crucial information is below but you will find worked examples on the website – HM Revenue & Customs: Capital Gains Tax rates and annual tax-free allowances.

So far as the technical information on HMRC’s website is concerned (like the rates tables below) I have no issue, however, I urge caution if you review any information purporting to state “the law”. I’ve represented clients in a number of cases recently (all won or withdrawn or settled on terms more favourable to my client than HMRC I will add) where HMRC’s “guidance” has been very skewed and misleading. HMRC seem only to reference case law and statutory interpretation which supports their view, it is biased and unbalanced in my opinion. As much as they would like it to be, life and the law aint that easy or static.

Annual Exempt Amounts

Customer group

2012-13

2013-14

2014-15

Individuals, personal representatives and trustees for disabled people

£10,600

£10,900

£11,000

Other trustees

£5,300

£5,450

£5,500

 

 

Rates for Capital Gains Tax

2011-12, 2012-13 and 2013-14

The following Capital Gains Tax rates apply:

  • 18% and 28% tax rates for individuals (the tax rate you use depends on the total amount of your taxable income, so you need to work this out first )
  • 28% for trustees or for personal representatives of someone who has died
  • 10% for gains qualifying for Entrepreneurs’ Relief

If you’re not sure how to work out your taxable income, see the examples in the section below ‘Working out your Capital Gains Tax for 2013-14’.

2010-11

For gains on or before 22 June 2010

Capital Gains Tax is charged at a flat rate of 18%.

For capital gains made from 23 June 2010 to 5 April 2011

The following Capital Gains Tax rates apply to gains after this date:

  • 18% and 28% tax rates for individuals (the tax rate you use depends on the total amount of your taxable income, so you need to work this out first )
  • 28% for trustees or for personal representatives of someone who has died
  • 10% for gains qualifying for Entrepreneurs’ Relief

Find out more about Entrepreneurs’ Relief

2009-10 and 2008-09

Capital Gains Tax is charged at a flat rate of 18 per cent.