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  2. Capital gains tax in the United Kingdom - Wikipedia

    en.wikipedia.org/wiki/Capital_gains_tax_in_the...

    In the UK, gains made by companies fall under the scope of corporation tax rather than capital gains tax. In 2017–18, total capital gains tax receipts were £8.3 billion from 265,000 individuals and £0.6 billion from trusts, on total gains of £58.9 billion. [1] The current operation of the capital gains tax system is a recognised issue.

  3. Taxation of Chargeable Gains Act 1992 - Wikipedia

    en.wikipedia.org/wiki/Taxation_of_Chargeable...

    The Taxation of Chargeable Gains Act 1992 (c. 12) is an act of Parliament which governs the levying of capital gains tax in the United Kingdom. This is a tax on the increase in the value of an asset between the date of purchase and the date of sale of that asset. The tax operates under two different regimes for a natural person and a body ...

  4. Substantial shareholdings exemption - Wikipedia

    en.wikipedia.org/wiki/Substantial_shareholdings...

    The substantial shareholdings exemption is an exemption from assessment of capital gains under corporation tax applicable to United Kingdom companies.The exemption is found in Schedule 7AC of the Taxation of Chargeable Gains Act 1992.

  5. Capital gains tax - Wikipedia

    en.wikipedia.org/wiki/Capital_gains_tax

    A capital gains tax (CGT) is the tax on profits realized on the sale of a non-inventory asset. The most common capital gains are realized from the sale of stocks, bonds, precious metals, real estate, and property. Not all countries impose a capital gains tax, and most have different rates of taxation for individuals compared to corporations.

  6. Taxation in the United Kingdom - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_United_Kingdom

    [clarification needed] [23] Since 6 April 2017, non-doms who have been resident in the UK for 15 out of the last 20 tax years lose their non-dom status [24] and become liable for tax on worldwide income and capital gains, and their worldwide assets become subject to inheritance tax on death.

  7. List of countries by tax rates - Wikipedia

    en.wikipedia.org/wiki/List_of_countries_by_tax_rates

    Individual income tax VAT or GST or Sales tax Capital gains tax [1] Inheritance/Estate Tax Further reading Lowest marginal rate Highest marginal rate Afghanistan: 20% [2] 0% [3] 20% [3] 0% [4] However, in Taliban run areas pre-Taliban rule, small fees were illegally added to some groceries. [5] Taxation in Afghanistan Albania: 15% [6] 0% [7] 23 ...

  8. Finance Act 1965 - Wikipedia

    en.wikipedia.org/wiki/Finance_Act_1965

    Corporation tax created a separate system for taxing the income of corporations, where previously they had paid income tax in the same way as private individuals. Capital gains tax is charged on the disposal of assets, and is based on any "real gain" made from the disposal. If the income comes within income tax, capital gains is not chargeable.

  9. Tax returns in the United Kingdom - Wikipedia

    en.wikipedia.org/wiki/Tax_returns_in_the_United...

    A partnership, including one in which all partners are companies, files form SA800. The partnership itself does not normally pay income tax, capital gains tax or corporation tax, but is required to provide a Partnership Statement to each partner reporting that partner's share of income and gains.

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