CGT Rates

Like this page? Share it with your friends

Capital Gains Tax (CGT) Rates

If you are looking at Capital Gains Tax or planning your finances, please feel free to contact us. We can discuss your specific circumstances to help you plan tax efficiently.

Details	2020/21	2021/22	2022/23
Individuals
Exemption	£12,000	£12,300	£12,300
Standard Rate	10%	10%	10%
Higher rate*	20%	20%	20%
Trusts
Exemption	£6,150	£6,150	£6,150
Rate	20%	20%	20%
*For higher & additional rate taxpayers

Business Asset Disposal Relief (formerly Entrepreneurs Relief)

From 1 April 2020 the first £1m of qualifying gains are charged at 10%. Gains in excess of the limit are charged at the rates detailed above.

External Long Term Gain Relief in Unlisted Companies

The first £1 Om of qualifying gains are charged at 10%. Gains in excess of the limit are charged at the rates detailed above.

Please contact us for further information.

VAT scheme	Registration Threshold	Deregistration Threshold
Cash Accounting Scheme	£1,350,000	£1,600,000
Annual Accounting Scheme	£1,350,000	£1,600,000

Businesses with annual taxable turnover of up to £150,000 can register for a Flat Rate Scheme.

They must leave the Flat Rate Scheme once annual taxable turnover exceeds £230,000, or is expected to exceed £230,000 in the next 30 days.

Please contact us for further information.

Disclaimer : This website and its contents have been produced as a helpful reference point. The information should be used as a guide only and your specific circumstances are best discussed directly with us.

No reliance should be placed on this material and no action should be taken without seeking the appropriate professional or legal advice. Although the
authors make reasonable efforts to ensure the content of this website is accurate and up-to-date, the authors make no representations, warranties or
guarantees that the content is accurate, complete or up-to-date and accept no responsibility whatsoever for any loss occasioned by anyone acting on information without this website.

Our service to you

If you are a self employed, business owner/director of company looking to get your accountancy and taxation matters sorted, look no further. We, at Naail & Co, are pro-active and easily accessible accountants and tax advisors, who will not only ensure that all your filing obligations are up to date with Companies House and HMRC, but also you do not pay a penny more in taxes than you have to. We work on a fixed fee basis and provide same day response to all your phone and email enquiries. We will also allocate a designated accounts manager who would have better understanding of your and business financial and taxation affairs. Book a free consultation call using the link below.

Get further information from the following pages;

Capital Gains Tax (CGT)

CGT

Explore our services

Knowledge & resources