Tax Tables
Capital Gains Tax
| 2007 - 08 | |
| Taxed as top slice of savings income | Up to 40% |
| Annual exemption - individual | £9,200 |
| Annual exemption - settlements | £4,600 |
| Transfers between spouses and civil partners living together are exempt | |
Taper relief
| Years held from 6 April 1998 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| Business assets % relief | 50 | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 75 |
| Non-Business assets % relief* | 0 | 0 | 5 | 10 | 15 | 20 | 25 | 30 | 35 | 40 |
Appointment may apply where asset has not been a business asset throughout the entire period of ownership
* Add one year if the asset was acquired before 17 March 1998
