Total taxable gains and income:
up to £35,000
- most trustees
(proceeds per item or set)
Qualifying gains will be taxed at 10%.
Claims may be made on more than one occasion up to a “lifetime” total of £10 million.
Transfers between husband and wife or civil partners living together are generally exempt.
Capital gains of all trusts for 2011/12 are taxed at the rate of 28%. Where there are several trusts created by the same settlor, the annual exemption is divided equally between them, subject to a minimum exemption of £1,060 for each trust.
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Based in Stockport, near Manchester, we represent the friendly face of tax. Over the last 20 years, we have grown to become one of the UK`s leading independent tax and accountancy specialists.
Address: Mellor House, 65-81 St Petersgate, Stockport, SK1 1DS.