8 Annual exempt amount
Finance Act 2011 (2011 c 11) | Legislation

Capital gains tax

8  Annual exempt amount

(1)     Section 3 of TCGA 1992 (annual exempt amount) is amended as follows.

(2)     For subsection (2) substitute—

“(2)     The exempt amount for a tax year is £10,600.”

(3)     For subsections (3) and (4) substitute—

“(3)     If there is a relevant increase in RPI in relation to a tax year—

(a)     the exempt amount is to be increased

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