Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Capital Gains Manual

Death and Personal Representatives: Personal representatives and their liabilities: Personal representatives: rates of charge

TCGA92/S4 (1) & TCGA92/S4 (1AA)

For 1998-99 to 2007-08 TCGA92/S4 (1AA) charges personal representatives at `the rate applicable to trusts’, see CG35210. For the years 1998-99 to 2003-04 inclusive the rate is 34 per cent. For 2004-05 to 2007-08 the rate is 40 per cent.

For 2008-09 and 2009-10 TCGA92/S4 charges personal representatives at the Capital Gains Tax rate of 18 per cent.

For 2010-11 the rate of Capital Gains Tax depends on when the disposal occurred, TCGA92/S4. Disposals made on or before 22 June 2010 are charged at 18 per cent. Disposals made on or after 23 June 2010 are charged at 28 per cent.

For 2011-12 onwards gains are charged at 28 per cent.

For 2016-17 onwards upper rate gains are taxed at 28 per cent and other gains are at 20 per cent see CG10246.

For the annual exempt amount see CG30600+.