Tax Table

The following tables are for guidance only. These are subject to change and we are not responsible for their accuracy.

Income Tax and Allowances
Capital Gains Tax
Inheritance Tax
Corporation Tax

Tax thresholds, rates and codes The amount of Income Tax you deduct from your employees depends on their tax code and how much of their taxable income is above their Personal Allowance. There are different rates for Scotland.

 

Income Tax and Allowances

Main personal allowances and reliefs

26/27

25/26

Personal allowance*

£12,570

£12,570

Marriage/civil partner’s transferable allowance

£1,260

£1,260
Blind person’s allowance £3,250 £3,130
Rent-a-room relief £7,500 £7,500
Property allowance and trading allowance (each) £1,000 £1,000
*Personal allowance reduced by £1 for every £2 of adjusted net income over £100,000

UK taxpayers excluding Scottish taxpayers’
non-dividend, non-savings income

26/27

25/26
20% basic rate on first slice of taxable income up to £37,700 £37,700
40% higher rate on next slice of taxable income over £37,700 £37,700
45% additional rate on taxable income over £125,140 £125,140

Scottish taxpayers – non-dividend, non-savings income

 

 

19% starter rate on taxable income up to £3,967 £2,827
20% basic rate on next slice up to £16,956 £13,991
21% intermediate rate on next slice up to £31,092 £31,092
42% intermediate rate on next slice up to £62,430 £62,430
41% higher rate on next slice up to £125,140 £125,140
46% top rate on income over £125,140 £125,140

All UK taxpayers

 

 

Starting rate at 0% on band of savings income up to** £5,000 £5,000
Personal savings allowance at 0%: Basic rate
Higher rate
Additional rate		 £1,000
£500
£0		 £1,000
£500
£0
Dividend allowance at 0%: All individuals £500 £500
Tax rates on dividend income: Basic rate
Higher rate
Additional rate		 10.75%
35.75%
39.35%		 8.75%
33.75%
39.35%
Trusts:
Income exemption generally		  
£500
£500
Rate applicable to trusts: Dividends
Other income		 39.35%
45%		 39.35%
45%
Not available if taxable non-savings income exceeds the starting rate band

High Income Child Benefit Charge: 1% of benefit per £200 of adjusted net income between £60,000–£80,000

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Capital Gains Tax

Tax Rates – Individuals

26/27

25/26

Annual exemption:
Individuals, estates, etc
Trusts generally


£3,000
£1,500


£3,000
£1,500

 

From 30/10/24

To 29/10/25

Below UK higher rate income tax band:
Tax rate
Surcharge for residential property / carried interest*


18%
0% / 0%


18%
0% / 0%
Within UK higher and additional rate income tax bands:
Tax rate


24%


24%

Trusts and Estates: Tax Rate

24%

24%

Business Asset Disposal Relief
18% (14% 25/26) on lifetime limit of £1,000,000 for trading businesses and companies (minimum 5% participation) held for at least 2 years


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Inheritance Tax



26/27

25/26

Nil-rate band*

 £325,000 £325,000
Residence nil-rate band*† £175,000 £175,000
Rate of tax on excess 40% 40%
Rate if at least 10% of net estate left to charity 36% 36%
Lifetime transfers to and from certain trusts 20% 20%
Non-long-term resident spouse/civil partner exemption £325,000 £325,000
*Up to 100% of the unused proportion of a deceased spouse’s/civil partner’s nil-rate band and/or residence nil-rate band can be claimed on the survivor’s death †Estates over £2,000,000: the value of the residence nil-rate band is reduced by 50% of the excess over £2,000,000

100% up to a maximum of £2,500,000*, with 50% thereafter
50% relief: certain other business assets/ AIM shares
Annual exempt gifts of: £3,000 per donor / £250 per donee
Tapered tax charge on lifetime gifts between 3 and 7 years of death
Years 0–3 full 40% rate, then 8% less for each year until 0% at 7 or more years.



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Corporation Tax

Year to 31/3/27 and 31/3/26

Profits

Effective Rate

 Diverted profits
 

£0–£50,000

19%

31%
  £50,001–£250,000 26.5% 31%
  £250,001 and above 25% 31%
Loans to participators 33.75%  



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