Stamp Duty Land Tax
Land and buildings in England and N. Ireland Residential rates may be increased by 3% where further residential properties are acquired. Residential Band £ Rate % Non-residential Band £ Rate % 0 - 500,000* 0 0 - 150,000 0 *500,001 - 925,000 5 150,001 - 250,000 2 925,001 - 1,500,000 10 Over 250,000 5 Over 1,500,000 12 *£250,000 from 1 July 2021. From 1 October 2021, 0% up to £125,000, 2% from £125,001 - £250,000 and 5% from £250,001 - £925,000.
Capital Gains Tax
Individuals Exemption Standard rate
2021/22 2020/21
£12,300 10% 20% £6,150 20%
£12,300 10% 20% £6,150
Higher/additional rate
Trusts Exemption
Rate 20% Higher rates (18/28%) may apply to the disposal of certain residential property and carried interest. Business Asset Disposal Relief The first £1m of qualifying gains are charged at 10%.
Death rate Lifetime rate Inheritance Tax
Chargeable transfers 2021/22 and 2020/21 0 - £325,000 (nil rate band)
Nil 40%
Nil 20%
Over £325,000 A further nil rate band of £175,000 may be available in relation to current or former residences.
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