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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.
14 Apr 2026
Almost three-quarters of firms say they experienced hiring difficulties in the first quarter of this year, according to the British Chambers of Commerce (BCC).
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