PART 1Income tax, corporation tax and capital gains tax
CHAPTER 1Charge, rates etc
Capital gains tax
8Annual exempt amount for 2014-15
1
For the tax year 2014-15 the amount specified in section 3(2) of TCGA 1992 (annual exempt amount) is replaced with “
£11,000
”
.
2
Accordingly section 3(3) of that Act (indexation of annual exempt amount) does not apply for that tax year.
9Annual exempt amount for 2015-16 onwards
1
For the tax year 2015-16 and subsequent tax years the amount specified in section 3(2) of TCGA 1992 (annual exempt amount) is replaced with “
£11,100
”
.
2
Section 3(3) of that Act (indexation of annual exempt amount) does not apply in relation to the tax year 2015-16 (but subsection (1) does not override section 3(3) of that Act for subsequent tax years).