Tax Rates 2021/22
Spring Budget

Capital Gains Tax

  2021/22 2020/21
Annual exemption amount
Individuals, estates £12,300 £12,300
Most trusts 6,150 6,150
Tax rate
Individual (to basic rate limit)* 10% 10%
Individual (above basic rate limit)* 20% 20%
Trusts, estates* 20% 20%
Business Asset Disposal Relief (BADR)** 10% 10%
Investors’ Relief (IR)*** 10% 10%

*Individuals are taxed at 18%/28% on gains on residential property and receipts of carried interest. Trusts and estates are taxed at 28% in these circumstances.

**BADR was called Entrepreneurs’ Relief prior to 6 April 2020. It is available for qualifying gains of up to £1m.

***Shares in an unquoted trading company may qualify on lifetime gains up to £10m. Various conditions apply.