Capital gains tax annual exempt amount

Practical Law UK Glossary 1-382-5588 (Approx. 4 pages)

Glossary

Capital gains tax annual exempt amount

An amount on which capital gains tax (CGT) is not charged for a particular tax year (Section 1K, Taxation of Chargeable Gains Act 1992).

For details of the amounts for different tax years, see Practice note, Tax data: capital gains tax: Annual exempt amount. For information about CGT generally, see Practice notes:

Tax on chargeable gains: scope, administration and payment.
Tax on chargeable gains: what is a disposal and when does it occur?.
Tax on chargeable gains: calculating the gain or loss.
Tax on chargeable gains: exemptions and reliefs.
Tax on chargeable gains: anti-avoidance.

Capital gains tax annual exempt amount | Practical Law

Capital gains tax annual exempt amount

Practical Law UK Glossary 1-382-5588 (Approx. 4 pages)

Capital gains tax annual exempt amount