Introduction
Personal Income Tax
Tax Credits
National Insurance Contributions
Employees
Savings
Capital Gains Tax
Inheritance Tax
Stamp Duty Land Tax
Corporation Tax
Business Tax
Value Added Tax
Other Measures
Tax Tables
National Insurance
| Rates and threshold The nil rate band for transfers after 5 April 2010 was intended to rise from £325,000 to £350,000, as announced in 2007. In the Pre-Budget Report Mr Darling decided that the threshold would be held at £325,000 for the next year. Now he has announced that this limit will apply up to and including 2014/15, bringing more states into the charge to tax, year by year, if property values increase. Rates of tax remain unchanged at 40% (death transfers) and 20% (lifetime chargeable transfers). |
| Tax Trap |
| IHT will be a problem for more people – plan sooner rather than later. |
© Bayar Hughes & Co., 2010.