F1Part 1Capital gains tax and corporation tax on chargeable gains

Chapter 1Capital gains tax

Rates of CGT

1HThe main rates of CGT

(1)

This section makes provision about the rates at which capital gains tax is charged but has effect subject to—

(a)

section 169N (F2business asset disposal relief: rate of F318%), and

(b)

section 169VC (investors' relief: rate of F418%).

F5(1A)

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F6(2)

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(3)

F7Chargeable gains F8... accruing in a tax year to an individual are charged to capital gains tax at a rate of F918% or F1024%.

(4)

The question as to which of the rates applies to the gains concerned is determined by section 1I (income taxed at higher rates or gains exceeding unused basic rate band).

F11(4A)

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F12(4B)

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F13(5)

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(6)

F14... Chargeable gains accruing in a tax year to the personal representatives of a deceased individual are charged to capital gains tax at a rate of F1524%.

F16(7)

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(8)

F17... Chargeable gains accruing in a tax year to the trustees of a settlement are charged to capital gains tax at a rate of F1824%.

F19(9)

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F19(10)

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F19(11)

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