Budget 2010 Introduction Main Income Tax reliefs Income Tax Rates and bands Car Benefit Assessment Tax Free Mileage Allowances National Insurance Contributions Pension Contributions Inheritance Tax Important Annual Limits Value Added Tax Capital Gains Tax Corporation Tax Main Capital Allowances Stamp Duty & Stamp Duty Land Tax Earliest due dates for payment of tax

Capital Gains Tax Annual exempt amount 2010/11: individuals £10,100, most trustees £5,050 (unchanged from 2009/10).   Net gains after all reliefs, losses and annual exempt amount are taxed at 18%.   Entrepreneurs' relief   For disposals of sole trade or interest in a partnership trade, or shares in a trading company by an employee owning at least 5%, the gain (up to £2m lifetime allowance - £1m before 6.4.10) is reduced to 5/9, to give an effective rate of CGT of 10%. Gains above the allowance are taxed at 18%.