Rates and Allowances - Capital Gains

 

Capital Gains Tax: Individuals and Trustees
Annual exempt amount
 2006-07 (£) 2007-08 (£) 2008-09 (£)
Individuals etc* 8,800 9,200 9,600
Other trustees 4,400 4,600 4,800

* Individuals, trustees of settlements for vulnerable persons, and personal representatives of the estate of a deceased person.

The amount chargeable to Capital Gains Tax (CGT) is added onto the top of income liable to income tax for individuals and is charged to CGT at these rates:

  • below the starting rate limit at 10 per cent
  • between the starting rate and basic rate limits at 20 per cent
  • and above the basic rate limit at 40 per cent

Legislation in Schedule 2 to the Finance Bill 2008 will, if approved, change the rate of CGT for individuals, trustees and personal representatives from 2008-09. For more information, please see PBRN17 and BN48.

Indexation allowance

Indexation allowance: chargeable gains subject to CGT

Corporation Tax on chargeable gains: Indexation allowance

For companies and other bodies in the charge to Corporation Tax, this is a link to the Retail Price Index figures and indexation factors for disposals made last month (with links to tables for previous months). Please note there was a typographical error in the tables from February 2004 to October 2005. The rebasing month shown as February 1987 should have in fact read January 1987. This error has no effect on the indexation allowance figures in those tables and they remain as published.

Indexation Allowance: Chargeable Gains Subject to Capital Gains Tax

Individuals and others within the charge to capital gains tax are not entitled to indexation allowance for any period after April 1998. To calculate indexation allowance from the month that the expenditure was incurred up to April 1998 on disposals on or after 6 April 1998, multiply the amount you spent by the indexation factor in the table below.

Legislation in Schedule 2 to the Finance Bill 2008 will, if approved, abolish indexation allowance for individuals, trustees and personal representatives from 2008-09. For more information, please see PBRN17. This does not affect companies subject to Corporation Tax.

 
  1982 1983 1984 1985 1986 1987 1988 1989
Jan   0.968 0.872 0.783 0.689 0.626 0.574 0.465
Feb   0.960 0.865 0.769 0.683 0.620 0.568 0.454
Mar 1.047 0.956 0.859 0.752 0.681 0.616 0.562 0.448
Apr 1.006 0.929 0.834 0.716 0.665 0.597 0.537 0.423
May 0.992 0.921 0.828 0.708 0.662 0.596 0.531 0.414
Jun 0.987 0.917 0.823 0.704 0.663 0.596 0.525 0.409
Jul 0.986 0.906 0.825 0.707 0.667 0.597 0.524 0.408
Aug 0.985 0.898 0.808 0.703 0.662 0.593 0.507 0.404
Sep 0.987 0.889 0.804 0.704 0.654 0.588 0.500 0.395
Oct 0.977 0.883 0.793 0.701 0.652 0.580 0.485 0.384
Nov 0.967 0.876 0.788 0.695 0.638 0.573 0.478 0.372
Dec 0.971 0.871 0.789 0.693 0.632 0.574 0.474 0.369
 

 

1990

1991

1992

1993

1994

1995

1996

1997

Jan 0.361 0.249 0.199 0.179 0.151 0.114 0.083 0.053
Feb 0.353 0.242 0.193 0.171 0.144 0.107 0.078 0.049
Mar 0.339 0.237 0.189 0.167 0.141 0.102 0.073 0.046
Apr 0.300 0.222 0.171 0.156 0.128 0.091 0.066 0.040
May 0.288 0.218 0.167 0.152 0.124 0.087 0.063 0.036
Jun 0.283 0.213 0.167 0.153 0.124 0.085 0.063 0.032
Jul 0.282 0.215 0.171 0.156 0.129 0.091 0.067 0.032
Aug 0.269 0.213 0.171 0.151 0.124 0.085 0.062 0.026
Sep 0.258 0.208 0.166 0.146 0.121 0.080 0.057 0.021
Oct 0.248 0.204 0.162 0.147 0.120 0.085 0.057 0.019
Nov 0.251 0.199 0.164 0.148 0.119 0.085 0.057 0.019
Dec 0.252 0.198 0.168 0.146 0.114 0.079 0.053 0.016
 

 

1998

Jan 0.019
Feb 0.014
Mar 0.011
Apr  
May  
Jun  
Jul  
Aug  
Sep  
Oct  
Nov  
Dec  

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