What are the capital gains tax rates for individuals?

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Multiple Choice

What are the capital gains tax rates for individuals?

Explanation:
Capital gains tax on individuals is charged at two main rates for most assets, depending on your income tax band: 10% for basic-rate taxpayers and 20% for higher-rate taxpayers. The amount you pay is after applying the annual exempt amount and any reliefs. Gains on residential property use higher rates (18% and 28%), but for most asset disposals the standard rates are 10% and 20%.

Capital gains tax on individuals is charged at two main rates for most assets, depending on your income tax band: 10% for basic-rate taxpayers and 20% for higher-rate taxpayers. The amount you pay is after applying the annual exempt amount and any reliefs. Gains on residential property use higher rates (18% and 28%), but for most asset disposals the standard rates are 10% and 20%.

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