|
TAX
INFORMATION
Listed below is
a concise summary of tax rates relevant to the
current tax year (6 April 2009 to 5 April 2010):
| Income
Tax Rates |
|
|
Starting
rate for savings (from £0 to £2,440) |
10% |
| Basic
rate (from £0 to £37,400) |
20% |
| Higher
rate (over £37,400) |
40% |
|
| Corporation
Tax Rates |
|
| Small
companies' rate |
21% |
| Marginal
small companies' relief |
£300k-£1.5M |
| Main
tax rate (profit >£1,500,000) |
28% |
|
| Inheritance
Tax |
|
| Threshold |
£325,000 |
| Death
rate |
40% |
|
| Capital
Gains Tax |
|
|
Individual Exemption |
£9,600 |
| Other
trustees |
£4,800
|
|
| Stamp
Duty |
|
| Up
to £175,000 |
Nil
|
| £175,001
- £250,000 |
1% |
| £250,001
- £500,000 |
3% |
| Over
£500,000 |
4% |
|
| Others
|
|
| Personal
Taxation Allowance (below 65 yrs old) |
£6,475
|
| Individual
Savings Accounts investment limit |
£7,200 |
|
VAT (standard rate
- will increase to 17.5% on 01/01/10) |
15% |
For information on other
tax rates, please do not hesitate to contact
us, or go to the
HM Revenue & Customs
website
for a complete & comprehensive listing.
|
