Page 27 - Budget Newsletter 2021
P. 27
UK Stamp Duty (including SDRT)
Stocks and marketable securities: 0.5%
No stamp duty charge unless the duty exceeds £5.
CORPORATION TAX
YEAR ENDING 31 MARCH
2022 2023
MAIN RATE 19% 19%
TAX-PRIVELEGED INVESTMENTS (MAXIMUM INVESTMENT)
2021/22 2022/23
£ £
ISA
Overall per tax year: 20,000 20,000
Maximum in cash for 16 and 17 year olds 20,000 20,000
Junior ISA (additional to overall limit for 16-17 year olds) 9,000 9,000
Lifetime ISA 4,000 4,000
Help to buy ISA° 200 a month 200 a month
ENTERPRISE INVESTMENT SCHEME 2,000,000* 2,000,000*
(30% income tax relief)
Maximum carry back to previous tax year for income tax relief 2,000,000 2,000,000
SEED ENTERPRISE INVESTMENT SCHEME 100,000¶ 100,000¶
(50% income tax relief)
VENTURE CAPITAL TRUST 200,000 200,000
(30% income tax relief)
° Closed to new investors from 1 December 2019. Existing investors may continue to contribute.
* Income tax-relieved investment above £1m must be in knowledge-intensive companies.
No limit for CGT reinvestment relief.
¶ 50% CGT reinvestment exemption in 2021/22 and 2022/23
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