01494 863620 
karen@barrys.biz 

Tax Facts - Cap Gains, Corp & Inheritance Tax 

Capital Gains Tax 
Annual exempt amounts  
2016/17 
2015/16 
Individuals 
£11,100 
£11,100 
Trusts  
£5,550 
£5,550 
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 
Gross transfer 
Rate % 
Up to £325,000* 
Nil 
Over £325,000 
40 
*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 
 
Services 
 
Tax Facts 
Designed and created by it'seeze
Our site uses cookies. For more information, see our cookie policy. Accept cookies and close
Reject cookies Manage settings