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Budget 2006



Introduction

Personal Income Tax

Tax Credits

National Insurance Contributions

Employees

Savings

Trusts

Capital Gains Tax

Stamp Duty Land Tax

Inheritance Tax

Corporation Tax

Business Tax

Value Added Tax

Other Measures

Tax Tables

National Insurance

Inheritance Tax


Thresholds and rates

The starting point for IHT will be £285,000 from 6 April 2006 (2005/06: £275,000), an increase above the rate of inflation. The Chancellor announced that the limit will rise to £300,000 on 6 April 2007, £312,000 in 2008 and £325,000 in 2009 - making the assumption that there will be no change of government policy in the meantime. At these levels, it is estimated that only 6% of estates will pay IHT.


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