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CAPITAL GAINS TAX RATES

 

Tax Rates

2022/23

2021/22

Standard Rate *

10%

10%

Higher Rate

20%

20%

Residential Property Rate **

20%/28%

20%/28%

Business Asset Disposal Relief ***

10%

10%

 

Allowances

 

 

Individuals

£ 12,300

£ 12,300

*     Standard rate applies where income is within basic rates for income tax

**   Rates for residential property not covered by Principle Private Residence Relief

*** Business Asset Disposal Relief rate applies where gain is eligible for Business Asset Disposal Relief (formerly known as Entrepreneurs Relief)

Read more about Capital Gains Tax here

 

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