Capital Gains Tax: Individuals and Trustees

Annual Exempt Amount	2008-09 (£)	2007-08 (£)
Individuals, etc.	9,600	9,200
Other Trustees	4,800	4,600

Corporation tax on profits - £ per year (unless stated)

	Year to 31.03.09		Year to 31.03.08
	Profits Band £	Rate %	Profits Band £	Rate %
Small companies' relief	0 - 300,000	21*	0 - 300,000	20
Marginal Relief	300,001 - 1,500,000	29.75*	300,001 - 1,500,000	32.50
Full Rate	Over 1,500,000	28*	Over 1,500,000	30
Small Companies Fraction		7/400*		1/40

The profits are reduced for accounting periods of less than 12 months and for a company with associated companies.

* Different rates apply for ring-fenced (broadly oil industry) profit.