Frequently Asked Questions (FAQs)
Will I pay Capital Gains Tax on returns from my investments?
Not on the first £10,100 of gains on any disposals in 2010/2011. In 2011/12 the exmpt amount rises to £10,600.
The CGT rate is 18 per cent if total taxable gains and in come are less than the upper limit of the income tax basic rate band. The rate of CGT is 28 per cent for gains (or parts of gains) above that limit.