A table of the relevant personal tax rates and allowances in the UK are available below.
Income Tax – Rates, Allowances and Reliefs
Trusts: | 2017/18 | 2018/19 |
|---|---|---|
Standard rate band (generally) | £1,000 | £1,000 |
Rate applicable to trusts: All income (not dividends) | 45% | 45% |
Rate applicable to trusts: Dividends | 38.1% | 38.1% |
Main Personal Allowances and Reliefs | 2017/18 | 2018/19 |
|---|---|---|
Personal allowance | £11,500 | £11,850 |
Personal allowance reduced by £1 for each £2 income over: | £100,000 | £100,000 |
Married/Civil partners’ allowance (given at 10%) | ||
– Max (only applies where at least one partner | £8,445 | £8,695 |
– Min (only applies where at least one partner | £3,260 | £3,360 |
Married/Civil partners’ allowance reduced | £28,000 | £28,900 |
Blind person’s allowance | £2,320 | £2,390 |
Trading Allowance | £1,000 | £1,000 |
Property Allowance | £1,000 | £1,000 |
Rent a Room tax free amount | £7,500 | £7,500 |
Capital Gains Tax – Rates, Allowances and Reliefs
Exemptions | 2017/18 | 2018/19 |
|---|---|---|
Individuals & estates | £11,300 | £11,700 |
Trusts (generally) | £5,650 | £5,850 |
Chattels | £6,000 | £6,000 |
Entrepreneurs Relief (on lifetime limit of £10,000,000) | 10% | 10% |
Tax Incentivised Investment | 2017/18 | 2018/19 |
|---|---|---|
Individual Savings Account (ISA) | £20,000 | £20,000 |
JISA & CTF | £4,128 | £4,260 |
LISA | £4,000 | £4,000 |
Help to Buy ISA | £1,000 initial & £200 per month | £1,000 initial & £200 per month |
Venture Capital Trust (VCT) at 30% | £200,000 | £200,000 |
Enterprise Investment Scheme (EIS) at 30% (amounts over £1m for 2018/19 must be in knowledge intensive companies) | £1,000,000 | £2,000,000 |
EIS eligible for CGT deferral relief | No limit | No limit |
Seed EIS (SEIS) at 50% | £100,000 | £100,000 |
SEIS CGT Reinvestment Relief | 50% | 50% |
