Capital Gains Tax
For 2020/21 and 2021/22 the CGT annual exemption for individuals is £12,300.
In the event that there are CGT losses brought forward from earlier years, the losses are only required to cover gains in excess of the annual exemption for the year.
This tax planner is for general guidance only – action should not be taken without specific advice.
This tax planner does not take account of Scottish or other devolved government changes to the standard UK tax. Should you require further information, please contact us.