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Tax Rates

Published on:

June 21, 2007
Tax Year (6 April - 5 April)2004/052005/062006/07
£££
INCOME TAX
Personal AllowanceUp to age 65474548955035
Aged 65-74683070907280
Aged 75+695072207420
Income limit for age-related allowances189001950020100
Income Tax Rates10%202020902150
22%2021-314002091-324002151-33300
40%31400+32400+33300+
Pension Schemes102000105600215000
NATIONAL INSURANCE
For employees
Earnings threshold (weekly)919497
Upper weekly earnings limit610630645
Rate of National Insurance paid between these limits11%11%11%
Rates for the self-employed
CAPITAL GAINS TAX
Annual exempt amount820085008800
Indexation rates (purchases up to 5 April 1998)
INHERITANCE TAX
Threshold263000275000285000
STAMP DUTY
Shares0.5%
Property£125,000 and belowNil
£125,001-£2500001%
£250001-£5000003%
Above £5000004%

Notes

More details on rates and allowances are available at the Inland Revenue website.

This data is provided for information only.

Moving Around This Guide

  1. Income Tax - Introduction
  2. Income Tax - Interest and Dividends
  3. Income Tax - Tax Codes and Key Tax Dates
  4. Capital Gains Tax - Shares and Securities
  5. Capital Gains Tax - Share Identification Rules
  6. Capital Gains Tax - Residential Property
  7. Capital Gains Tax - Minimising CGT
  8. National Insurance
  9. Inheritance Tax
  10. Tax Rates
  11. Stamp Duty

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