All assets are regarded as chargeable assets except for those which are specially exempted from CGT. The main exemptions are as follows:  2012-13, the max capital allowance of an ISA was capped at £11,280. Notes interest and dividends arising from ISAs are exempt from income tax. Capital gains (and losses) arising from ISAs are exempt … Continue reading Capital Gains Tax Exemptions. Learn how to avoid CGT on qualifying investments and settlements