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CGT annual exemption: regulations

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The Capital Gains Tax (Annual Exempt Amount) Order, SI 2011/899, specifies £10,600 as the exempt amount for 2011/12 by virtue of TCGA 1992  s 3, unless Parliament otherwise determines.

This amount is the exempt amount for 2010/11, £10,100, increased by the amount of the percentage increase in the retail prices index for September 2010 over that for September 2009 and rounded up to the nearest £100, in accordance with TCGA 1992 s 3(3).