Capital Gains Tax
Tax year 2017/2018
|Rate for gains above basic rate band||20%||20%||28%||28%||28%|
|Rate for gains within basic rate band||10%||10%||18%||18%||18%|
|Gains on residential property (that do not qualify for PPR within basic rate band)||18%||18%|
|Gains on residential property (that do not qualify for PPR above basic rate band)||28%||28%|
The first £10m of qualifying gains are charged at 10%. Gains in excess of the limit are charged at the rates detailed above.