Income: Taxable bands
|
2009-2010 |
2010-2011 |
Starting Rate 10% |
£0 - £2,440 |
£0 - £2,440 |
Basic Rate 20% |
£0 - £37,400 |
£0 - £37,400 |
Higher Rate 40% |
£37,400 and over |
£37,401 - £150,000 |
Additional Rate 50% |
n/a |
£150,000 and over |
Income Tax - Personal Allowances
|
2009-2010 |
2010-2011 |
Change |
Up to 64 Years |
£6,475 |
£6,475 |
+£0 |
65 - 74 Years* |
£9,490 |
£9,490 |
+£0 |
Over 75 Years* |
£9,640 |
£9,640 |
+£0 |
Married couple's allowance* ^ (aged 75 and over) |
£6,965 |
£6,965 |
+£0 |
Married couple's allowance^ (minimum amount) |
£2,670 |
£2,670 |
+£0 |
Income limit for age-related allowances |
£22,900 |
£22,900 |
+£0 |
Pension Scheme - Personal Allowance
|
2009-2010 |
2010-2011 |
Change |
Annual allowance |
£245,000 |
£255,000 |
+ £10,000 |
Lifetime allowance |
£1,750,000 |
£1,800,000 |
+ £50,000 |
Capital gains tax - Personal Allowance
|
2009-2010 |
2010-2011 |
Change |
Individuals |
£10,100 |
£10,100 |
+£0 |
|
|
|
Inheritance Tax
|
2009-2010 |
2010-2011 |
Change |
Personal allowance |
£325,000 |
£325,000 |
+£0 |
Couple's allowance |
£650,000 |
£650,000 |
+£0 |
Stamp Duty
Rate |
Residential in
disadvantaged
areas* |
Residential outside
disadvantaged
areas* |
Non-residential |
|
Total value of consideration |
Zero |
£0 - £150,000 |
£0 - £125,000 |
£0 - £150,000 |
1% |
Over £150,000 -
£250,000 |
Over £125,000 -
£250,000 |
Over £150,000 -
£250,000 |
3% |
Over £250,000 -
£500,000 |
Over £250,000 -
£500,000 |
Over £250,000 -
£500,000 |
4% |
Over £500,000 |
Over £500,000 |
Over £500,000 |
|
