Individuals | 2023/24 |
£ | |
Exemption | 6,000 |
Standard rate | 10% |
Higher rate | 20% |
The higher rate applies to higher rate and additional rate taxpayers.
Additionally, higher rates of 18% and 28% may apply to the disposal of certain residential property.
Trusts | 2023/24 |
£ | |
Exemption | 3,000 |
Rate | 20% |
Individuals | 2022/23 |
£ | |
Exemption | 12,300 |
Standard rate | 10% |
Higher rate | 20% |
The higher rate applies to higher rate and additional rate taxpayers.
Additionally, higher rates of 18% and 28% may apply to the disposal of certain residential property.
Trusts | 2022/23 |
£ | |
Exemption | 6,150 |
Rate | 20% |
For individuals, net gains are added to total taxable income to determine the appropriate rate of tax. The standard rate applies only to the net gains which, when added to total taxable income, do not exceed the basic rate band.
Individuals | 2020/21 |
£ | |
Exemption | 12,300 |
Standard rate | 10% |
Higher rate | 20% |
The higher rate applies to higher rate and additional rate taxpayers.
Additionally, higher rates of 18% and 28% may apply to the disposal of certain residential property.