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Starting a business
We offer help and advice and are always on hand in the critical early stages when... more >

Running a business
Apart from the figures that need preparing and interpreting there are all the other responsibilities to be discharged; legal duties... more >

Inheritance tax
There is a concern in many families as family-homes are increasing in value... more >

Personal taxes including Capital Gains Tax
Direct taxation on individuals includes capital gains tax and national insurance and the latter can increase... more >

Business taxes
Business is taxed either as individuals (sole traders and partnerships) or as companies by Corporation Tax... more >

Useful resources
We have gathered together an immense amount of information to help business people, their staff, customers and families in their everyday... more >

Capital Gains Tax rates


Tax is charged at 10%, 20% and 40% on chargeable gains as if they are additional savings' income up to 5th April 2011. 
Tax is charged at a flat rate of 18% from 6th April 2010.

Indexation allowance is frozen at 5th April 1998. Maximum allowance from 31st March 1982 to 5th April 1998 is 1.047 for individuals
   
2010-11
2009-10
   


Exemptions  


  Annual - individual
£10,100
£10,100
             - settlement
£4,600
£4,600
  Chattels (proceeds per item or set)
£6,000
£6,000
  Transfers between husband and wife
all
all
  Sale of principal residence
100%
100%
  Death
all
all
  Enterprise Investment Scheme
100%
100%
  Venture Capital Trust
100%
100%
   


Entrepeneurs' relief - charged at 10%

£2,000,000

   


Rates for individuals


  Starting rate band
10%
10%
  Basic rate band
20%
20%
  Higher rate band
40%
40%
   


Trust rate  
40%
40%
   


Taper relief


 

Business assets
Non-
business assets?   
Business
assets
Non-
business
assets?  
 
Years




 

%
%
%
%
           
 
less than 1

100
100
100
100
 
1
50
100
50
100
 
2
45
100
25
100
 
3
45
95
25
95
 
4
45
90
25
90
 
5
45
85
25
85
 
6
45
80
25
80
 
7
45
75
25
75
 
8
45
70
25
70
 
9
45
65
25
65
 
10+
45
60
25
60
   


The holding period required to receive maximum taper relief for business assets is two years and for non-business assets is ten years.