CGT Rates and Allowances Flashcards
1
Q
Normal rate
A
Lower is 10%
Higher is 20%
2
Q
Annual exemption amount
A
12,000
3
Q
Entrepreneur relief
A
Lifetime limit = 10,000,000
Rate of tax = 10%
Normal rate
Lower is 10%
Higher is 20%
Annual exemption amount
12,000
Entrepreneur relief
Lifetime limit = 10,000,000
Rate of tax = 10%