Tax
For specific tax information about different types of saving and investments please speak to an Independent Financial Adviser (IFA). You'll find details of your local IFA in Yellow Pages (www.yell.co.uk), or visit www.unbiased.co.uk
- Income tax
- Capital gains tax (CGT)
- Stamp duty
- Inheritance tax
- Tax-free savings limits
- Information for non-taxpayers
Income tax
Income tax is a tax which is payable on any money you receive - like your wage, pension or any income you get from any savings and investments (unless you save or invest through a tax free savings product like an Individual Savings Account (ISA) or the tax free products offered by National Savings and Investments. The rate of income tax that you pay is tiered and depends on what you earn. For up to date tax levels, visit www.inlandrevenue.gov.uk/rates/index.htmCapital gains tax (CGT)
This tax is payable on any gains you make when you sell assets, like shares or a second home. Everyone has a minimum amount of money they can make from these types of assets before you have to pay capital gains tax, and some assets are exempt. For up to date tax levels, visit www.inlandrevenue.gov.uk/rates/index.htmStamp duty
Stamp duty is a tax that you have to pay when you buy a house, or when you are buying stocks or shares. This is paid at the time of purchase, for example, when you buy shares or a house. For current stamp duty limits visit www.inlandrevenue.gov.uk/rates/index.htmInheritance tax
Inheritance tax is a tax you pay on whatever you leave to your loved ones, known as 'your estate', after you pass away, if your estate is worth over a minimum amount. For more information visit our inheritance tax section. For current inheritance tax limits visit www.inlandrevenue.gov.uk/rates/index.htm
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