London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

Capital Gains Tax (CGT)

The top rate of capital gains tax increased to 28% with effect from 23 June 2010. The lower, 18%, rate now applies only where total taxable income and gains for a year are below the higher rate threshold. Broadly this means total income and gains before allowances and exemptions of £53,975 or less will pay at 18%, anything higher and the excess gains are charged at 28%.

The use of joint ownership, annual exemptions and identifying and claiming losses is now increasingly relevant. Holding an asset jointly for example could save up to £2,828 in tax.



Date: 15th September, 2010
Author: Cathy Corns


Articles from this Author

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.


Our London team are enjoying the office roof terrace, sunshine and stunning views this afternoon…

Great learn and lunch today with Emma from @macmillancancer lots of inspiring fundraising ideas for our charity of……



For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn