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 |
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2010/11
Main Personal Allowances and Reliefs
| |
2010/11 |
2009/10 |
| Personal (basic) |
£6,475 |
£6,475 |
Personal allowance reduced by 50% of income over
|
£100,000 |
N/A |
| Personal (65-74) |
£9,490 |
£9,490 |
| Personal (75 & over) |
£9,640 |
£9,640 |
| Married couples/civil partners (minimum) at 10%* |
£2,670 |
£2,670 |
| Married couples/civil partners (75+) at 10% |
£6,965 |
£6,965 |
| Age-related reliefs reduced by 50% of income
over |
£22,900 |
£22,900 |
Blind person's allowance
|
£1,890 |
£1,890 |
| Rent-a-room tax-free income |
£4,250 |
£4,250 |
| Venture capital trust (VCT) at 30% |
£200,000 |
£200,000 |
| Enterprise investment scheme (EIS) at 20% |
£500,000 |
£500,000 |
| EIS eligible for capital gains tax re-investment
relief |
No limit |
| |
| *Where
at least one spouse/civil partner was born before 6
April 1935 |
| |
|
| Non-domicile remittance basis charge:
for adult non-UK domiciliary after UK residence in
at least 7 of the previous 9 tax years |
£30,000 |
£30,000 |
Tax Tables 2009/10:
Income Tax
|
Rates |
09-10 |
08-09 |
|
10% starting rate band on
savings income up to* |
£2,440 |
£2,320 |
|
Basic rate |
20% |
20% |
|
Higher rate of 40% on income
over |
£37,400 |
£34,800 |
|
Dividends for: |
basic rate taxpayers
higher rate taxpayers |
10%
32.5% |
10%
32.5% |
| |
|
|
|
|
Trusts: |
standard rate band generally
dividends (rate applicable to trusts)
other income (rate applicable to trusts) |
£1,000
32.5%
40% |
£1,000
32.5%
40% |
|
Pre-owned assets tax minimum
taxable as income |
£5,000 |
£5,000 |
|
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