Capital gains tax (CGT)
12 April 2006
You won't have to pay CGT if the total capital gains are less than the current threshold. You pay tax on your taxable CGT gains at 10 per cent, 20 per cent or 40 per cent, depending on your level of other income.
You won't have to pay CGT on:
- Private cars
- Investments held within a PEP, ISA or Child Trust Fund
- National Savings Certificates
- SAYE schemes
- Life insurance policies
- Pension plans
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