Key figuresPersonnal & estate taxation

United Kingdom

1| INHERITANCE TAX

Chargeable transfer Death Lifetime
£0 - £325,000 (nil rate band) 0% 0%
Over £325,000 40% 20%

A further nil rate band of £175,000 may be available in relation to current or former residences which pass to the deceased’s children or grandchildren.

2| PROPERTY TAX

STAMP DUTY LAND TAX (ENGLAND & NORTHERN IRELAND)
Resident Non-resident Rate
£0 - £125,000 £0 - £150,000 0%
£125,000 to £250,000 £150,001 - £250,000 2%
£250,001 - £925,000 Over £250,000 5%
£925,001 - £1,500,000 10%
Over £1,500,000 12%
  • First-time buyer relief may apply to residential purchases up to £300,000 and a reduced rate of 5% applies on the portion from £300,000 to £500,000 after March 2025. If the price is over £500,000, this relief cannot be claimed.
  • Rates are increased by 5% for additional purchases of residential property by individuals. Rates are increased by a further 2% for purchases by non-UK residents.
  • Different rates apply for Scotland and Wales.

3| CAPITAL GAINS TAX

INDIVIDUALS AND PERSONAL REPRESENTATIVES (EXECUTORS AND ADMINISTRATORS)
Main
Exemption £3,000
Standard rate 18%
Higher / additional rate 24%
Rate for residential property
Standard rate 18%
Higher rate 24%
Trustees
Exemption £1,500
Rate 24%
Rate for residential property 24%

4| INCOME TAX

Dividends
Up to £37,700 8.75%
£37,700 – £125,140 33.75%
Over £125,140 39.35%
Other savings income
Up to £37,700 20%
£37,700 – £125,140 40%
Over £125,140 45%
Other (non-savings) income
Up to £37,700 20%
£37,700 – £125,140 40%
Over £125,140 45%
Income tax allowances
Personal allowance for individuals £12,570
Personal savings allowance for basic rate taxpayers £1,000
Personal savings allowance for higher rate taxpayers £500
Dividend allowance £500
Property allowance £1,000
Trading allowance £1,000
  • To work out your tax band, add your total dividend income to your other income. You may pay tax at more than one rate.

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