Capital gains tax 2015 uk
The rate of tax on any post April 2015 gains for individuals will be 18 or 28 depending on the individual's UK income. Currently, nonUK resident individuals are still able to claim a full CGT allowance which for the tax year is 11, 000, however, personal allowances for nonUK residents is a hot topic at the moment and an areaJun 04, 2018 20 for companies (nonresident Capital Gains Tax on the disposal of a UK residential property) from 6 April 2015; 6 April 2010 to 5 April 2011. The following Capital Gains Tax rates apply: capital gains tax 2015 uk
Capital Gains Tax. Capital Gains Tax is a tax on the profit when you sell (or dispose of) something (an asset) thats increased in value. Its the gain you make thats taxed, not the amount of money you receive. Example You bought a painting for 5, 000 and sold it later for 25, 000. This means you made a gain of 20, 000 (25, 000 minus 5, 000).