Finance Act 2014 (c. 26)

PART 1 Income tax, corporation tax and capital gains tax

CHAPTER 1 Charge, rates etc

Capital gains tax

8 Annual exempt amount for 2014-15

(1) For the tax year 2014-15 the amount specified in section 3(2) of TCGA 1992 (annual exempt amount) is replaced with “£11,000”.

(2) Accordingly section 3(3) of that Act (indexation of annual exempt amount) does not apply for that tax year.