The Wealth Design Group Autumn 2017 Budget Guide
This comprehensive 33 page guide to the Autumn Budget in 2017 gives an overview as to what the budget means for employees, the self employers, parents, those at retirement, the retired and estate planners.
This comprehensive 33 page guide to the Autumn Budget in 2017 gives an overview as to what the budget means for employees, the self employers, parents, those at retirement, the retired and estate planners.
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Capital Gains Tax<br />
Main exemptions and reliefs<br />
<strong>2017</strong>/18<br />
£<br />
2018/19<br />
£<br />
Annual exemption 11,300* 11,700*<br />
Principal private residence exemption No limit No limit<br />
Chattels exemption £6,000 £6,000<br />
Entrepreneurs’ relief<br />
Lifetime cumulative<br />
limit £10,000,000.<br />
Gains taxed at 10%<br />
Lifetime cumulative<br />
limit £10,000,000.<br />
Gains taxed at 10%<br />
* Reduced by at least 50% for most trusts.<br />
Rates of tax<br />
Individuals: 10% on gains within UK basic rate band, 20%<br />
for gains in UK higher and additional rate bands<br />
Trustees and personal representatives: 20%<br />
Additional rate for residential property and 8%<br />
carried interest gains<br />
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