Stamp Duty CGT IHT & Corporation Tax- rates and thresholds
Stamp Duty Land Tax Rates and Thresholds England and Northern Ireland
| Band | Existing residential SDLT rates (no other property owned) | Additional residential property SDLT rates |
|---|---|---|
| £0* – £250k | 0% | 5% |
| £250k – £925k | 5% | 10% |
| £925k – £1.5m | 10% | 15% |
| £1.5m + | 12% | 17% |
*The additional 5% charge does not apply where the property is purchased for less than £40,000.
Non-residents have to pay an additional 2% surcharge if the property purchase is more than £40,000.
Non-residents have to pay an additional 2% surcharge if the property purchase is more than £40,000.
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Capital Gains Tax Rates and Thresholds
| Band | Residential Properties | Non- Residential Properties and other Assets |
|---|---|---|
| £0 – £37,700 maximum* | 18% | 18% |
| £37,700+ | 24% | 24% |
*The £37,700 basic rate band is available to the extent that it has not been used by income.
Inheritance Tax Death Rates and Thresholds
| Band | 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% | ||
Corporation Tax
| Band | UK Limited Companies |
|---|---|
| All profits | The first £50,000 of profits are taxed at 19% From 1st April 2023 where profits of a sole owned company are between £50,000 and £250000 a marginal rate of 26.5% applies to profits between £50,000 and £250,000 where there no other companies under common control. If profits are in excess of £250,000 the corporation tax rate is 25% on all profits |
