Tax Facts - Cap Gains, Corp & Inheritance Tax

Capital Gains Tax

Rates	**2016/17	2015/16
Individuals
Standard rate	10%	18%
Higher rate for higher rate and additional rate taxpayers	20%	28%
Trustees	20%	28%
** Higher rates may apply to the disposal of certain residential property Entrepreneurs relief The first £10m of qualifying gains to which entrepreneurs' relief applies. Gains in excess of the limit are charged at the rates above.	10%	10%

Corporation Tax

Financial Year To:	31/3/2017		31/3/2016
All profits	20%	All profits	20%*

* Different rates apply for ring fenced (braodly oil industry) profit

Inheritance Tax

Transfers made after 5 April 2016 and before 6 April 2017

Death Rates

*Unused nil rate band is transferable to spouse or civil partner.

Chargeable lifetime transfers are initially charged at 20%. Annual gifts of up to £3,000 per donor are exempt