Capital gains t
ax
2013/2014
2012/2013
Annual exemption
10,900
10,600
– most trusts
5,450
5,300
Basic rate
18%
18%
Higher rate (also applies to trustees
and personal representatives)
28%
28%
Entrepreneurs’ relief
– lifetime limit
£10 million
£10 m
– rate of tax
10%
10%
