Budget 2007 Introduction Personal Income Tax National Insurance Contributions Employees Savings & Investments Trusts Capital Gains Tax Stamp Duty Land Tax Inheritance Tax Corporation Tax Business Tax Value Added Tax Other Measures Tax Tables National Insurance	Capital Gains Tax Annual exemption and tax rates The CGT annual exemption for 2007/08 is £9,200 (2006/07: £8,800). Most trustees are entitled to half the individual exemption (it may be divided between trusts set up by the same settlor, to a minimum of £920).