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  • IMC Tax Table 2021

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    SATHISH S
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    The document provides the key UK tax rates that will be in effect from 1 December 2021, including personal income tax rates of up to 45% for income over £150,000, capital gains tax rates of 10-20%, inheritance tax threshold of £325,000 and rate of 40%, and corporation tax rate of 19%. Candidates will need to memorize these tax rates for their exam as they will not be provided.

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    IMC tax table 2021

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    The document provides the key UK tax rates that will be in effect from 1 December 2021, including personal income tax rates of up to 45% for income over £150,000, capital gains tax rates of 10-20%, inheritance tax threshold of £325,000 and rate of 40%, and corporation tax rate of 19%. Candidates will need to memorize these tax rates for their exam as they will not be provided.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    19 views1 page

    IMC Tax Table 2021

    Uploaded by

    SATHISH S
    The document provides the key UK tax rates that will be in effect from 1 December 2021, including personal income tax rates of up to 45% for income over £150,000, capital gains tax rates of 10-20%, inheritance tax threshold of £325,000 and rate of 40%, and corporation tax rate of 19%. Candidates will need to memorize these tax rates for their exam as they will not be provided.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Tax rates to be used from 1 December 2021

    Candidates will not be provided with tax rates in the exam; these must be learned by the
    candidate

    Personal tax allowance: 12,570

    Income tax:
    Starting rate for savers: £5,000
    Basic rate: £0 - £37,700
    Higher rate: £37,701 - £150,000
    Additional rate: £150,001 and above

    Dividend tax:
    Dividend allowance: £2,000
    Basic rate: 7.50%
    Higher rate: 32.50%
    Additional rate: 38.10%

    Capital gains tax:


    Capital gains tax exempt amount: £12,300
    Basic rate: 10%
    Higher rate: 20%
    Basic rate on residential property: 18%
    Higher rate on residential property: 28%

    Inheritance tax:
    Inheritance tax threshold: £325,000
    Inheritance tax rate: 40.00%

    Corporation tax rate: 19%


    Pensions annual allowance: £40,000
    ISA annual limits: £20,000

    Enterprise Investment Scheme (EIS) tax relief rate: 30% up to £1,000,000


    Seed EIS tax relief limit: 50% up to £100,000
    Venture Capital Trust Relief limit: 30% up to £200,000

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