|Tax Rates – Individuals||16/17||17/18|
|Up to basic rate limit (UK excl. Scotland)||10%||10%|
|Above UK basic rate limit (UK excl. Scotland)||20%||20%|
|Tax rate – Trusts and estates||20%||20%|
|Surcharge for residential property and carried interest||8%||8%|
|Individuals, estates, etc||£11,100||£11,300|
|Chattels (gain restricted to 5/3rds of proceeds over limit)||£6,000||£6,000|
|Entrepreneurs’ Relief 10% on lifetime limit of||£10,000,000||£10,000,000|
|For trading businesses and companies (minimum 5% employee/officer shareholding) held for at least one year|
© Copyright 8 March 2017, subject to Finance Act 2017. For information only.
Always seek professional advice before acting.