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Tax simplification…

...does not appear to be achievable in the short to medium term. Just a quick note for the future, here is a table of the currently anticipated marginal tax rates for 2010/2011:

Income/gains

from

£

Income/gains

to

£

Self-employment

income

%

Unearned income

£

Dividend income

(gross)

%

Capital gains

tax

%

9,600

43,875

28.00

20.00

0.00

18

43,876

100,000

41.00

40.00

32.50

18

100,001

106,475

61.00

60.00

43.75

18

106,476

140,000

41.00

40.00

32.50

18

140,001

146,475

61.00

60.00

43.75

18

146,476

150,000

41.00

40.00

32.50

18

>£150,000

 

46.00

45.00

37.50

18

We need to look carefully at this well before the start of the 2010/2011 tax year.

 

 

Date: 14th January, 2009
Author: Cathy Corns

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