From 23 June 2010 there will be two main rates of CGT.
For individuals, where their total taxable income and gains after all allowable deductions (including losses, the income tax personal allowance and the CGT annual exemption) are less than the upper limit of the basic rate income tax band (£37,400 for 2010/2011), the rate will be 18%.
For gains (or any parts of gains) above that limit the rate will be 28%.
