Capital Gains Tax Flashcards
1
Q
Annual exempt amount
A
£12,300
2
Q
Rate of tax, Normal rates, lower rate
A
10%
3
Q
Rate of tax, Normal rates, higher rate
A
20%
4
Q
Residential property rates, lower rate
A
18%
5
Q
Residential property rates, higher rate
A
28%
6
Q
Business asset disposal relief lifetime limit
A
£1,000,000
7
Q
Business asset disposal relief rate of tax
A
10%
8
Q
Investor’s relief lifetime limit
A
£10,000,000
9
Q
Investor’s relief rate of tax
A
10%
