Capital Gains Tax Rates 2012/2012 16 Apr 2012 Gemma Latest News No comment Annual Exemption £10,600 This is the amount of gain you can make in a tax year 06.04 – 05.04 without making a declaration or paying any tax After this exemption, the amount of tax due is as follows:- Basic Rate 18% Higher Rate 28% Related posts: Capital Gains Tax Rates 2011-2012 Self Assessment Diary 2011/2012 Main Income Tax Reliefs 2011-2012 Income Tax Rates 2012/2013 Income Tax Rates 2011/2012