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 |
| 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% |
| 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 |