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BaginskyCohen
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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