Capital gains tax

2017/18 2016/17
Individual basic rate 10% 18%
Individual higher rate 20% 28%
Gains on residential property not eligible for PPR relief and carried interest:
- individual basic rate 18% 18%
- individual higher rate 28% 28%
Entrepreneurs' relief - effective rate 10% 10%
Entrepreneurs' relief £10m £10m
Annual exemption    
- individual £11,300 £11,100
- settlement(s) (spread over total number) £5,650 £5,500
Chattels exemption
(proceeds per item or set) £6,000 £6,000

Notes

  1. Transfers between spouses and civil partners living together are exempt.
  2. Entrepreneurs' relief of 100% 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.
  3. Non-UK residents are now subject to capital gains tax on the sale of UK residential property.

Other exemptions:

  • SEED enterprise investment scheme (subject to conditions): 100%/50%
  • Venture capital trust: 100%
  • Social investment tax relief: 30%
  • Principal private residence (subject to conditions): 100%

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