Capital Gains Tax
|Capital gains tax rates and bands for 2016/17|
|On chargeable gains|
|Total taxable income and gains:
up to £32,000
|– most trustees||£5,550|
|Transfers between husband and wife or civil partners living together are generally exempt.|
|(proceeds per item or set)||£6,000|
Qualifying gains will be taxed at 10%.
Claims may be made on more than one occasion up to a “lifetime” total of £10 million.