CAPITAL GAINS TAX AT A GLANCE
CAPITAL GAINS TAX AT A GLANCE
Friday 10 March 1995
Annual exemption (individuals etc*) £5,800
Annual exemption (disability trusts) £5,800
Annual exemption (other trusts) £2,900
*Available separately for husband and wife
What is liable:
Investments, including shares
Land and buildings
Jewellery, pictures, antiques
Currency other than sterling
Property you create before disposing of it
Options, debts etc
What is Exempt:
Your main private residence
Foreign currency for personal expenditure abroad
Betting winnings (pools, premium bonds etc)
Government securities and certain corporate bonds
Life assurance policies and deferred annuities (where you
are the first owner or they were gifted to you)
Chattels sold for no more than £6,000
Private motor vehicles
Gifts to the National Trust
Futures and options in gilts and qualifying corporate bonds
Compensation/damages for any wrong or injury suffered
to your person or concerning your profession/vocation
Assets, eg boats and animals, that are tangible movable property, and wasting assets (expected life of less than 50 years).
Source: `How to Cut Your Tax Bill' by Walter Sinclair
International Women's Day 2014: The shocking statistics that show why it is still so important
Feminist quotes to inspire you on the International Women's Day
Oscar Pistorius trial first week: Never mind a media scrum – murder case becomes bizarre safari following the tracks of a wounded lion
International Women’s Day: 'When a man gives his opinion, he's a man. When a woman gives her opinion, she's a bitch' - feminist quotes from female icons to inspire you
Malaysia Airlines plane: Oil slick is first sign that missing flight crashed into sea killing up to 239 on board
Britain's top vet sparks controversy with call for ban on slashing animals' throats in 'ritual' slaughters for halal and kosher meat products
Ukraine crisis: Russia dismisses '3am ultimatum' as 'total nonsense'
If you're horrified by a flame-roasted dog, you should be shocked at a hog roast
Poor 'live like animals' says Boris's privately educated sister after going on 'poverty safari'
White people become less racist just by moving to more diverse areas, study finds
Exclusive: Impact of immigrants on British workers ‘negligible’
- 1 To those who can’t see the point of International Women’s Day: you are the very reason it exists
- 2 International Women's Day 2014: The shocking statistics that show why it is still so important
- 3 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 4 Orgasm machine to deliver climax at the push of a button
- 5 Liam Neeson turned down James Bond role because late wife Natasha Richardson said she wouldn't marry him if he took it
iJobs Money & Business
£12000 per annum: Inspiring Interns: The company works with Tier 1 FTSE 100 Ba...
£32000 - £36000 per annum + generous benefits: Pro-Recruitment Group: * TAX * ...
£37000 - £40000 per annum + £20000 benefits package: Pro-Recruitment Group: **...
£30000 - £35000 per annum + generous benefits: Pro-Recruitment Group: Mixed Ta...