Park McKillop & Company - Capital gains tax

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Capital gains tax

Capital gains tax rates and bands for 2013/14
On chargeable gains 
Total taxable gains and income:
       up to 32,010
       from 32,011

Annual exemption 
- individual10,900
- most trustees5,450
Chattels exemption 
(proceeds per item or set)6,000

Entrepreneurs' Relief

Qualifying gains will be taxed at 10%.

Claims may be made on more than one occasion up to a “lifetime” total of 10 million.


  1. Transfers between husband and wife or civil partners living together are generally exempt.
  2. Capital gains of all trusts for 2013/14 are taxed at the rate of 28%. Where there are several trusts created by the same settlor, the annual exemption is divided equally between them, subject to a minimum exemption of 1,090 for each trust.

Chartered Accountants Registered Auditors

Registered as auditors by the Association of Chartered Certified Accountants and regulated
for a range of investment business activities by the Institute of Chartered Accountants in Ireland

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