Capital Gains Tax
2006/07
| Individuals,
estates Exempt amount |
£8,800 |
| Trusts generally Exempt amount |
£4,400 |
Taper Relief for 2006-07 - Percentage of Gain Chargeable
| Years owned | 1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
| Business assets | 50 |
25 |
25 |
25 |
25 |
25 |
25 |
25 |
25 |
25 |
| Other assets* | 100 |
100 |
95 |
90 |
85 |
80 |
75 |
70 |
65 |
60 |
*one year's extra relief for other assets owned before 17.03.98