You are using an outdated browser. Upgrade your browser today for a better experience of this site and many others.
0141 221 7446 - mail@gerberlandagee.co.uk -
CGT and Inheritance tax.
Capital Gains Tax (CGT) is payable by individuals, trustees and 'personal representatives' (PRs). Companies pay corporation tax on their capital gains.
There are annual tax free allowances (the 'annual exempt amount') for individuals, trustees and PRs. Companies do not have an annual exempt amount.
For individuals net gains are added to 'total taxable income' to determine the appropriate rate of tax. The standard rate applies only to the net gains which, when added to total taxable income do not exceed the 'basic rate band'.
Gains which qualify for 'Investors' Relief' are charged at 18% (14% for 2025/26) for the first £10m of qualifying gains.
Gains which qualify for 'Business Asset Disposal Relief' are charged at 18% (14% for 2025/26) for the first £1 million.
The higher rate applies to higher rate and additional rate taxpayers.
Why not register to receive our Monthly Newswire?
Once a month we'll send you an email packed full of essential business news and handy tax tips to help save you money.
Sign up now
20 Apr 2026
The UK's exporters were already experiencing challenging trading conditions before the Iran War broke out, according to research by the British Chambers of Commerce (BCC).
It is clear to see that cloud accounting is the way forward: its ease of use, accessibility and cost effectiveness ensures that it remains a popular choice for many businesses.