Autumn Statement: Capital Gains Tax and Inheritance Tax
The annual CGT exemption will be increased by 1% in 2014/15 and 2015/16 to reach £11,100. The rates of CGT are unchanged.
The nil rate band for inheritance tax, which has remained frozen since 2009 at £325,000, will stay at that level for 2013/14 and 2014/15, and rise to £329,000 in 2015/16. The rate of IHT is unchanged.