Overseas Resident Individual
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| Overview |
| Forms to get you started |
| Fees |
| Frequently Asked Questions |
| HMRC Guidance |
| Rates & tables |
| Residency notes |
| Maintaining your records |
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| UK Resident Individual |
| UK Resident Company |
| Overseas Resident Company |
| Company Info |
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Rates & tables
Income Tax
| Personal (tax free) Allowance | 2006-07 | 2007-08 | 2008-09 | |
| Up to 65 yrs | £5,035 | £5,225 | £6,035 | |
| For those aged 65-74 | up to | £7,280 | £7,550 | £9,030 |
| For those aged 75+ | up to | £7,420 | £7,690 | £9,180 |
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| Income Tax Rates Amount in excess of personal allowance |
2006-07 | 2007-08 | 2008-09 | |
| Income chargeable at 10% | first | £2,150 | £2,230 | £0 |
| Income chargeable at 22% | next | £31,150 | £32,370 | £0 |
| Income chargeable at 20% | first | N/A | N/A | £34,800 |
| Income chargeable at 40% | excess over | £33,300 | £34,600 | £34,800 |
From 2008-09, there is a 10% starting rate for savings income only, with a limit of £2,320. If an individual's taxable non-savings income is above this limit then the 10% starting rate for savings will not apply. There are no changes to the 10% dividend ordinary rate or the 32.5% dividend upper rate.
Capital Gains Tax
| Individuals annual exemption | 2006-07 | 2007-08 | 2008-09 |
| £8,800 | £9,200 | £9,600 |
Special rules apply to those who are long term non-resident who will not normally be subject to CGT unless they maintain a permanent business establishment in the UK.
Special rules apply on the disposal of leasehold interests of less than 50 years.
Indexation Allowance is available to individuals in respect of assets acquired before 6th April 1998.
Where a property has been at any time the principal residence of the taxpayer and all or part of the property has been let as residential accommodation then the gain attributable to the letting is reduced by the lower of a) an amount equal to the part of the total gain that is exempt because of owner occupation and b) £40,000.
