Capital Gains Tax and Inheritance Tax

2010/11	6.4.10 - 22.6.10	23.6.10 - 5.4.11
Individuals	£	£
Exemption	10,100	10,100
Balance of gains	18%	18%
Higher rate*	-	28%
Trusts
Exemption	5,050	5,050
Rate	18%	28%
*For higher and additional rate taxpayers

Entrepreneurs' Relief  

The first £5m (£2m for disposals on/after 6 April 2010 and before 23 June 2010) of qualifying gains are charged at an effective rate of 10%. Gains in excess of the limit are charged at the rates detailed above.

Inheritance Tax

Death rate %	Lifetime rate %	Chargeable transfers 2010/11 and 2009/10 £'000
Nil	Nil	0 - 325*
40	20	Over 325*

*Potentially increased for surviving spouses or civil partners who die on or after 9 October 2007.

Reliefs
Annual exemption	£3,000	Marriage	- parent	£5,000
Small gifts £250   - grandparent £2,500       - bride/groom £2,500       - other £1,000 Reduced charge on gifts within seven years of death Years before death 0-3 3-4 4-5 5-6 6-7 % of death charge 100 80 60 40 20

 

 

Articles & Information

• Tax ,Tax, Tax. We all want to minimise it
• Pension Pot disintegrating - move it abroad
• Out sourcing of Financial controller Function
• Cash flow is the Lifeblood of business
• Two examples of our proactive approach
• Capital Allowances
• Corporation Tax
• Individual Savings Accounts (ISA's)
• Tax Changes
• Tax Credits
• Value Added Tax
• Capital Gains Tax and Inheritance Tax
• Car, Van and Fuel Benefits
• Income Tax Reliefs
• Mileage Allowance Payments
• Stamp Duty and Stamp Duty Land Tax
• VAT Fuel Scale Charges
• Easy Accountancy Package
• Keep it Simple - Here's How
• Her Majesty's Revenue and Customs
• HMRC Inspection Powers
• Go to Work - on Your (Motor) Bike!!

Fixed Fee Service

Enter the maximum amount you want to pay each month

£ GBP

Sign up for

We accept all major credit cards