UK Individual Income Tax rate for 2017-2018. Capital gain, Corporate TaxUK Income Tax Rate for 2018-2019. United Kingdom Capital Gain and Corporate / Companies Tax Rates for Residents and Non Residents

 

 

United Kingdom Personal Income Tax Rate for 2018 to 2019

Tax rate UK

Income After allowances (Pound) Tax Rate
Up to 11,850 0%
11,851 to 46,350 20%
46,351 to 150,000 40%
over 150,000 45%

 

Tax rate Scotland

Income After allowances Tax Rate
Up to 5,000 0%
5,001 to 31,500 20%
31,501 to 150,000 40%
over 150,000 45%

 

Personal Allowances

Description 2018 to 2019
Personal Allowance 11,850
Income Limit for Personal Allowance 100,000

 

Other Allowances

Description 2018 to 2019
Married Couple Allowance - Maximum Amount 8,695
Married Couple Allowance - Minimum Amount 3,360
Blind Persons allowance 2,390

 

Capital Gain Tax in UK for 2018-2019

Taxable Income Tax Rate
For Higher and Additional Rate Tax Payer

- Gains from Residential Property

- Gains from other Charitable Assets

 

28%

20%

For those who pay basic income tax

- Gains

- Gains from Residential Property

For any amount above this

- Gains

- Residential Property

 

10% or

18%

 

20% or

28%

Personal Representative of someone who died

- Residential Property

- Other Charitable assets

 

28%

20%

 

 

UK Corporation Tax for 2018-2019

Taxable Income Tax Rate
Main Rate for all profits except ring fence profits 19%
Special rate for unit trusts and open-ended investment companies 20%

 

Ring Fence Companies

Ring fence companies can claim Marginal Relief on profits between 300,000 and 1.5 million

Taxable Income Tax Rate
Small Profits Rate (companies with profit under 300,000) 19%
Main Rate (companies with profits over 300,000) 30%
Ring Fence fraction 11/400

 

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