INHERITANCE TAX 26/27 and 25/26 Nil-rate band*/residence nil-rate band*† £325,000/£175,000 Rate of tax on excess/if at least 10% net estate left to charity 40%/36% Lifetime transfers to and from certain trusts 20% Non-long-term resident spouse/civil partner exemption £325,000 *Up to 100% of the unused proportion can be claimed on the surviving spouse’s/ civil partner’s death †Estates over £2,000,000: reduced by 50% of the excess over £2,000,000 Reliefs Businesses, unlisted shares, some farms AIM Certain other shares assets 26/27 100% up to a maximum of £1,000,000, with 50% thereafter* 50% 50% 25/26 100% 100% 50% *Transferable between spouses and civil partners 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. STAMP DUTIES AND PROPERTY TRANSACTION TAXES Stamp Duty and SDRT*: Stocks and marketable securities 0.5% *0% SDRT for transfers of newly UK listed securities from 27 November 2025 Additional residential and all corporate residential properties £40,000 or more – add 5% to SDLT rates, 8% to LBTT rates and 5% tomost LTT rates England & N Ireland – Stamp Duty Land Tax (SDLT) on slices of value Residential property % Commercial property† % Up to £125,000 0 Up to £150,000 0 £125,001–£250,000 2 £150,001–£250,000 2 £250,001–£925,000 5 Over £250,000 5 £925,001–£1,500,000 10 Over £1,500,000 12 First time buyers: 0% on first £300,000 for properties up to £500,000 Non-resident purchasers: 2% surcharge on properties £40,000 or more Residential properties bought by companies etc over £500,000: 17% of total consideration, subject to certain exemptions Scotland – Land and Buildings Transaction Tax (LBTT) on slices of value Residential property % Commercial property† % Up to £145,000 0 Up to £150,000 0 £145,001–£250,000 2 £150,001–£250,000 1 £250,001–£325,000 5 Over £250,000 5 £325,001–£750,000 10 Over £750,000 12 First time buyers: 0% on the first £175,000 Wales – Land Transaction Tax (LTT) on slices of value Residential property % Commercial property† % Up to £225,000 0 Up to £225,000 0 £225,001–£400,000 6 £225,001–£250,000 1 £400,001–£750,000 7.5 £250,001–£1,000,000 5 £750,001–£1,500,000 10 Over £1,000,000 6 Over £1,500,000 12 †0% for freeport and investment zone qualifying property CORPORATION TAX Year to 31/3/27 and 31/3/26 Profits Effective rate Diverted profits £0–£50,000 19.0% £50,001–£250,000 26.5% 31% £250,001 and above 25.0% Loans to participators 33.75% }
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