Like income tax capital gains tax is calculated on the basis of the tax year which runs from 6 april to 5 april the following year.
Capital gains tax 2017 uk.
The capital gains tax rate for 2016 17 was that allowance for the individuals personal representatives and trustees for disables people was 11 100 and trusts 5 550.
First of all there are two types of capital gains tax rates.
How uk capital gains tax works.
Rates for capital gains tax.
The current 2017 capital gains tax rates.
Capital gains tax rates and allowance uk 2017 2018 we guide you how to work on it out current cgt rates allowance and how much to pay.
Cgt is paid on the total taxable gains you make selling assets in that tax year after taking into account.
The capital gains tax rates in the tables above apply to most assets but there are some noteworthy exceptions.
It s the gain you make that s taxed not the amount of.
Your annual capital gains tax allowance.
The following capital gains tax.
The capital gains tax allowance in 2020 21 is 12 300 up from 12 000 in 2019 20.
6 april 2017 onwards.
Long term capital gains on so called collectible assets.
Cgt allowance for 2019 20 and 2020 21.
The capital gains tax rate you use depends on the total amount of your taxable income so work that out first.