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Budget 2007


Introduction

Personal Income Tax

National Insurance Contributions

Employees

Savings & Investments

Trusts

Capital Gains Tax

Stamp Duty Land Tax

Inheritance Tax

Corporation Tax

Business Tax

Value Added Tax

Other Measures

Tax Tables

National Insurance
Capital Gains Tax

Annual exemption and tax rates

The CGT annual exemption for 2007/08 is £9,200 (2006/07: £8,800). Most trustees are entitled to half the individual exemption (it may be divided between trusts set up by the same settlor, to a minimum of £920).


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