P268 CEEFAX 268 Fri 13 May 21:11/37 ^ /6 TAX GUIDE I R 22 CcPITBL G—I S X Annual xem tron 994 t < ar t 5 A ri ) 0 (unchbnkjd sjncj 6/5/92) ) A mart d c uple b h h annubl exemption. Transfers between sIkuse don't 9 :bbl . o e6j s u e w t capital losses can' use the to lower their partners gains below £5,800 Gains over £5,80 ar r ated ; =our t p ;lice0of taxed at m rginal income rate5. Source: Blay s Gu de Taxes 2 annzities Inflation Hou3juP268 CEEFAX 268 Fri 13 May 21:14/02 4/6 OTHER COT RELIEF TRUSTS are liable to 25% COT. DISCRJTJONARZ TRUSTS 35% COT. DISABLED PERSONS TRUSTS exempt to £5,800 pa (other trusts £2,900). Other exemptions: - individuals only/main residence - SAYI certificates. savings cetus - prizes and bjttings winnings - privbte motor car - life assurance police (t n r and beneficiary) - gifts to charities - compensation or damages awarded - chattels-if proceeds not>£6,800 RJTJRJMENT RELIEF=100% to £250,800. 50% on gains between £250k & £1m Taxes 2 Annuities Inflation Hou3rsP268 CEEFAX 268 Fri 13 May 21:17/14 ] ^ 3/6 O TAX GUIDE All gains made prior to 31/3/82 are exempt from COT. Shnce 31/3/82 an Indexation Allowance has bj n mad/ to give relief from inflation. Initial valun kf h jt a £hu allowable expjn3e are incs a3ed in line with the Retail Pr c Ind x from the date acqui d (or 31£3/82 if owned then) to the disposal date EG: In Jan 94, a paint n i sold for £21,900. £12,10p was paid for it in ctob r 1985 141.3 / 95.6 = 1.478 £12,1p0 x £1.47 = £17& 4 £22,900-£17,884=£4 016=taxable gain Source: Blay's Guides Taxes 2 Annui5ie Inflation HmuRjsP268 CEEFAX 268 Fri 13 May 21:15/24 ] 4/6 O TAX GUIDE CAPITcL0G—I S T 0 Ind xation Allowances 1982 1983 1984 1985 R1986 Jan 82.6 86.8 91.2 96.2 Feb 83.0 87.2 91.9 96.6 Mar 79.4 83.1 87.5 92.8 96.7 Apr 81.0 84.3 88.6 94.8 97.7 May 81.v 84.6 89.0 95.2 97.8 Jun 81.9 84.8 89.2 95.4 97.8 ul 81.9 85.3 89.1 95.2 97.5 Aug 81.9 85.7 89.9 95.5 97.8 Sip 81.9 86.1 90.1 95.4 98. Oct 82.3 86.4 90.7 95.6 98.5 Nov 82.7 86.7 91.0 95.9 99.3 Dec 82.5 F86.9 90.9 ]6.0 99.6 all figures ribasjd to Jan 1987=100 Source: Central Statiuticas W fic Taxer 2 Annuitme Infl1tion Housj1P268 CEEFAX 268 Fri 13 May 21:10/41 5/6 TAX GUIDE CAPITBL GAINS TAX Indexation Allowances 1987 1988 1989 1990 Jan 1p0.0 103.3 111.0 G119.5 Fed 100.4 103.7 111.8 128.2 Mar 100.7 104.1 112.3 121.4 Apr 101.8 105.8 114.3 125.1 May 101.9 106.2 115.0 126.2 Jun 101.9 106.6 115.4 126.7 Vul 101.8 106.7 115.5 126.8 Aug 1p2.1 107.9 115.8 128.1 Sip 102.4 108.4 116.6 129.3 Oct 1p2.9 109.5 117.5 130.3 Nov 103.4 110.0 118.5 130.0 Dec 103.3 110.3 118.8 12=.9 all figures rebasjd to Jan 1987=100 Source: Central Statistical Office Taxes 2 Annuities Inflation lousesP268 CEJFAX 268 Fri 13 May 21:11/40 ] 6/6 O TAX GUIDE CAPET L0GAINS T X Indexation Allowances 1991 1992 1993 1994 Jbn 130.2 135.6 137.9 141.3 Fed 130.9 136.3 138.8 142.1 Mar 131.4 136.7 139.3 142.5 Apr 133.1 138.8 148.6 May 133.5 139.3 141.1 Jun 134.1 139.3 141.0 Jul 133.8 138.8 140.7 Aug 134.1 138.9 141.3 G Sip 134.6 139.4 141.9 Oct 135.1 139.9 141.8 Nov 135.6 139.7 141.6 Dec 135.7 139.2 141.9 all figures rebasjd to Jan 1987=100 Source: Central Statistical Office Taxes 2 Annuities Inflation Hou3js