CGT Rates

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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.

Details2019/202020/21
Individuals
Exemption £12,000 £12,300
Standard Rate 10%# 10%#
Higher rate* 20%# 20%#
Trusts
Exemption £6,000 £6,150
Rate 20% 20%
*For higher & additional rate taxpayers
# A standard rate of 18% and higher rate of 28% applies to gains on residential property and carried interests.

Entrepreneurs’ Relief

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

From April 2020, the lifetime limit of £1 Om will be reduced by 90% to just £1 m. Gains in excess of the limit will be charged at 20%.

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 schemeRegistration ThresholdDeregistration 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.

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 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.

Related pages:

Get further information from the following pages;

Income Tax Rates

Corporation Tax Rates

Inheritance Tax Rates & thresholds

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