Capital gains taxU.K.
8Annual exempt amount for 2014-15U.K.
(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 onwardsU.K.
(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).