Current Rates

The general rate of CGT is 33%.

A 40% rate applies to gains on disposals of:

(a) foreign life assurance policies (s 594(2)(f)), and

(b) a material interest in certain offshore fund (s 747A).

 

Capital acquisitions tax rates
 Date  Threshold amount  Balance
06/12/12 – onwards  Nil  33%
 07/12/11 – 05/12/12  Nil  30
 08/04/09 – 06/12/11  Nil  25
 20/11/08 – 07/04/09  Nil  22
 01/12/99 – 19/11/08  Nil  20

 

Date of disposal Development land sold for residential development  Development land (other than for residential development) Foreign life assurance policies and offshore funds All other assets (normal rate)
06/12/2012 onwards  33%  33%  40% 33%
07/12/2001- 05/12/2012  30%  30%  40%  30%
08/04/2009-06/12/2011  25%  25%  40%  25%
15/10/2008 to 07/04/2009 22%  22%  40%  22%
01/12/1999 –

14/10/10/2008

 20%  20%  40% 20%
23/04/1998 – 30/11/1999 20%  20%  40%  20%
 12/02/1998 – 22/04/1998  40%  40%  40%  20%
 03/12/1997 – 11/02/1998  40%  40%  20%  20%
 Entrepreneur relief
01/01/2017 onwards  10%
01/01/2016 – 31/12/2016  20%