Statutory Instruments
2012 No. 881
Capital Gains Tax
The Capital Gains Tax (Annual Exempt Amount) Order 2012
Made
20th March 2012
The Treasury make the following Order in discharge of the duty imposed by section 3(4) of the Taxation of Chargeable Gains Act 1992( 1 ):
Citation
1. This Order may be cited as the Capital Gains Tax (Annual Exempt Amount) Order 2012.
Exempt amount of capital gains for 2012-13
2. The amount which, by virtue of section 3(2) of the Taxation of Chargeable Gains Act 1992, is, unless Parliament otherwise determines, the exempt amount for the year of assessment 2012-13 is £11,200.
Angela Watkinson
Michael Fabricant
Two of the Lords Commissioners of Her Majesty’s Treasury
20th March 2012
1992 c.12 . Section 3 was amended by section 83 of the Finance Act 1993 (c. .34), paragraph 3 of Schedule 21 to the Finance Act 1998 (c. 36) , paragraph 3 of Schedule 28 and paragraph 1 of Schedule 43 to the Finance Act 2003 (c. 14) , paragraph 26 of Schedule 2 and paragraph 56 of Schedule 7 to the Finance Act 2008 (c. .9) and section 8 of the Finance Act 2011 (c. 11) . The annual exempt amount was last increased by S.I. 2011/899 .