| Annual exempt amount | |
| Individuals | £10,600 |
| Trusts | £5,300 |
| Rates | |
| 6th April 2010 to 22nd June 2010 | 18% |
| From 23rd June2010 | 18% on unused basic rate band and then 28% |
| Chattel exemption | |
| Sale proceeds | £6,000 |
Chargeable gains arising on disposals eligible for entrepreneurs' relief from 6th April 2010 to 22nd June 2010 are to be reduced by 4/9ths before being charged to tax at the flat rate of 18%. Eligible gains arising on or after 23rd June 2010 are charged to tax at 10%.
Where chattel disposal proceeds exceed the exemption limit, marginal relief restricts any chargeable gain to 5/3rds of the excess and where there is a loss and the proceeds are less than £6,000 the proceeds are deemed to be £6,000