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Statutory Instruments

2020 No. 333

Capital Gains Tax

The Capital Gains Tax (Annual Exempt Amount) Order 2020

Made

23rd March 2020

The Treasury make the following Order in discharge of the duty imposed by section 1L(2) 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 2020.

Exempt amount of capital gains for 2020-21

2. The amount which is, by virtue of section 1K(2) and 1L(1) of the Taxation of Chargeable Gains Act 1992, the annual exempt amount for the tax year 2020-21 is £12,300.

David Rutley

Iain Stewart

Two of the Lords Commissioners of Her Majesty’s Treasury

23rd March 2020

( 1 )

1992 c.12 . Sections 1K and 1L were substituted by the Finance Act 2019 (c.1) , section 13 and Schedule 1, paragraphs 1 and 2.

1. Citation

2. Exempt amount of capital gains for 2020-21

Status: This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

The Capital Gains Tax (Annual Exempt Amount) Order 2020 (2020/333)

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