Stamp duty CGT IHT – Rates and threshholds
Stamp Duty Tax Rates and Thresholds England and Northern Ireland
|Band (20/21)||Existing residential SDLT rates||Additional property SDLT rates|
|£0* – £500k||0%||3%|
|£500k – £925k||5%||8%|
|£925k – £1.5m||10%||13%|
NB From 1st April 2021 non-residents will have to pay an additional 2% surcharge.
|Capital Gains Tax Rates and Thresholds|
|Band (20/21)||Residential Properties||Non- Residential Properties and other Assets|
|£0 – £37,500 maximum*||18%||10%|
*The £37,500 basic rate band is available to the extent that it has not been used by income.
|Inheritance Tax Death Rates and Thresholds|
|Band (20/21)||Standard Rates||Years between gift and death||Gift Rates|
|£0* – £325k||0%||Less than 3||40%|
|£325k +||40%||3 to 4||32%|
|If 10%+ of Estate gifted to charity||4 to 5||24%|
|£325k +||36%||5 to 6||16%|
|6 to 7||8%|
|7 or more||0%|
|Band (20/21)||UK Limited Companies|
Do you have a question for our experts?
If there’s a property tax issue that has you puzzled or worried, get in touch. Everyone on our team loves to talk, especially when it helps people like you find peace of mind.