Capital Gains Tax Allowance 2013 Increase

Budget Dec 2012 - Capital Gains Tax Allowance 2013 Increase

The current capital gains tax annual allowance is: for the tax years 2011-12 is:

• £10,600 for each individual
• £5,300 for most trustees

and for 2012-13 increases by the CPI inflation rate at September 2012 (which was 2.2%) for 2013 we believe the allowance will be confirmed at £10,833 (although this has not been confirmed yet)

These are to be increased to the capital gains tax allowance by 1% and rounded up in 2014 and 2015 as follows:

• April 2014, Capital Gains Tax Allowance £11,000
• April 2015, Capital Gains Tax Allowance £11,100

Below inflation increases again, meaning more people will pay tax without capital gains tax advice and planning.

Back to UK Budget December 2012 Summary