|
|
|
| Individuals, estates, etc |
£9,600 |
£9,200 |
| Trusts generally |
£4,800 |
£4,600 |
| Chattels proceeds ( 5/3excess gain is taxable) |
£6,000 |
£6,000 |
| |
|
|
|
| Individuals |
18% |
10%, 20% or 40% |
| Trusts and estates |
18% |
40% |
| |
| |
4/9ths of business gain (effective
tax rate of 10%). Lifetime limit: £1,000,000
For trading businesses and companies (min. 5% employee/director
shareholding) held for at least one year |
| |
|
| Percentage of gain chargeable |
| Years owned |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
| Business Assets |
50 |
25 |
25 |
25 |
25 |
25 |
25 |
25 |
25 |
25 |
| Other Assets* |
100 |
100 |
95 |
90 |
85 |
80 |
75 |
70 |
65 |
60 |
| |
* One
year's extra relief for other assets owned before 17/3/98 |
|
|
|
