P283 CEEFAX 283 Mon 25 Dec 19:14/13
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CAPITAL GAINS TAX
Gains are taxed at the individual's
marginal income tax rate. In the case
of discretionary, accumulation and
maintenance trusts the rate is 35% and
in the case of lifetime trusts 25%.
Until 5th
Annual Exemptions April 1996
Individuals, personal
representatives and
trusts for disabled £6,000
persons
Other trusts (maximum
depending on number of £3,000
trusts created by same
settlor since 1/6/78)
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RPI TaxGuide Moneyfile Annuities