capital gains tax annual exempt amount
- capital gains tax annual exempt amount
-
England, Wales
Individuals (including personal representatives, but only for the year of death and the following two tax years) and trustees are exempt from tax on capital gains up to a certain amount accruing in a tax year, called the annual exempt amount.
For details, see Tax data: capital gains tax: Annual exemption (www.practicallaw.com/9-385-5454).
Practical Law Dictionary. Glossary of UK, US and international legal terms.
www.practicallaw.com.
2010.
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