P283 CEEFAX 283  Fri 29 Dec  01:48/37
      
      
      
 
           CAPITAL GAINS TAX            
 Gains are taxed at the individual's    
 marginal income tax rate. In the case  
 of discretionary, accumulation and     
 maintenance trusts the rate is 35% and 
 in the case of lifetime trusts 25%.    
                                        
                           Until 5th    
 Annual Exemptions         April 1996   
 Individuals, personal                  
 representatives and                    
 trusts for disabled        £6,000      
 persons                                
                                        
 Othjt trusts (maximum                  
 depending on numbjt of     £3,000      
 trusts created by same                 
 sjttlor since 1/6/78)                  
 
 UPI   TaxGuidj   Monjyfili   Annuities