ISAs
|
| Until | From | Change |
| Annual allowance | £10,200 | £10,680 | + £480 |
| Cash element | £5,100 | £5,340 | + £240 |
2010-2011 2011-2012 Change Personal allowance £325,000 £325,000 £0 Couple's allowance £650,000 £650,000 £0
Capital gains tax - Personal Allowance
Changes were made to the rate at which CGT is paid in the coalition government's Emergency Budget in 2010. Basic rate taxpayers will continue to pay at a rate of 18%, while higher and 50% rate taxpayers will pay at a rate of 28%.
2010-2011 2011-2012 Change Individuals £10,100 £10,600 +£500
Pension Scheme - Personal Allowance
2010-2011 2011-2012 Change Annual allowance £255,000 £50,000 -£205,000 Lifetime allowance £1,800,000 £1,500,000 -£300,000
Income Tax – Personal Allowances
|
| 2009-2010 | 2010-2011 | From April 2011 | Change |
| Up to 64 Years | £6,475 | £6,475 | £7,475 | +£1,000 |
| 65 - 74 Years* | £9,490 | £9,490 | £9,940 | +£450 |
| Over 75 Years* | £9,640 | £9,640 | £10,090 | +£450 |
| Married couple's allowance* ^ (aged 75 and over) | £6,965 | £6,965 | £7,295 | +£330 |
| Married couple's allowance^ (minimum amount) | £2,670 | £2,670 | £2,800 | +£130 |
| Income limit for age-related allowances | £22,900 | £22,900 | £24,000 | +£1,100 |
* These allowances may be lower depending on your income. For more information on how age-related allowances work visit http://www.hmrc.gov.uk/pensioners/allowances.htm
Married couple's allowance is given at the rate of 10%. It applies to couples where at least one spouse was born before April 6 1935.
Income: Taxable bands 2010-2011 2011-2012 Basic Rate 20% £0 - £37,400 £0 - £35,000 Higher Rate 40% £37,401 - £150,000 £35,001 - £150,000 Additional Rate 50% £150,000 and over £150,000 and over Rate Residential in Residential outside Non-residential Total value of consideration Zero £0 - £150,000 £0 - £125,000 £0 - £150,000 1% Over £125,000 - Over £150,000 - Over £150,000 - 3% Over £250,000 - Over £250,000 - Over £250,000 - 4% Over £500,000 to £1million Over £500,000 to £1million Over £500,000 5% Over £1million Over £1million N/A
Stamp Duty
disadvantaged
areas*
disadvantaged
areas*
£250,000
£250,000
£250,000
£500,000
£500,000
£500,000
* To find out whether the area you are looking to buy in is classed as disadvantaged, visit http://www.hmrc.gov.uk/so/dar/dar-search.htm
Source: HMRC
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