Capital Gains Tax

Capital gains tax rates and bands for 2016/17
On chargeable gains  

Total taxable income and gains:
       up to £32,000
       from £32,001

Annual exemption  
- individual £11,100
- most trustees £5,550
Transfers between husband and wife or civil partners living together are generally exempt.
Chattels exemption  
(proceeds per item or set) £6,000

Entrepreneurs' Relief

Qualifying gains will be taxed at 10%.

Claims may be made on more than one occasion up to a “lifetime” total of £10 million.