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THIRD SCHEDULE
Rates of Capital Acquisitions Tax
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Section 41
.
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“PART II
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TABLE I
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Applicable where the donee or successor is the spouse, child, or minor child of a deceased child, of the disponer.
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Portion of Value
|
Rate of tax
|
Lower Limit
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Upper Limit
|
Per cent.
|
£
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£
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|
0
|
150,000
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Nil
|
150,000
|
200,000
|
25
|
200,000
|
250, 000
|
30
|
250,000
|
300, 000
|
35
|
300,000
|
350, 000
|
40
|
350,000
|
400, 000
|
45
|
400,000
|
|
50
|
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TABLE II
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Applicable where the donee or successor is a lineal ancestor or a lineal descendant (other than a child, or a minor child of a deceased child) of the disponer.
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Portion of Value
|
Rate of tax
|
Lower Limit
|
Upper Limit
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Per cent.
|
£
|
£
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|
0
|
30,000
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Nil
|
30,000
|
33,000
|
5
|
33,000
|
38,000
|
7
|
38,000
|
48,000
|
10
|
48,000
|
58,000
|
13
|
58,000
|
68,000
|
16
|
68,000
|
78,000
|
19
|
78,000
|
88,000
|
22
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88,000
|
103,000
|
25
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103,000
|
118,000
|
28
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118,000
|
133,000
|
31
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133,000
|
148,000
|
34
|
148,000
|
163,000
|
37
|
163,000
|
178,000
|
40
|
178,000
|
193,000
|
43
|
193,000
|
208,000
|
46
|
208,000
|
223,000
|
49
|
223,000
|
|
50
|
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TABLE III
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Applicable where the donee or successor is a brother or a sister, or a child of a brother or of a sister, of the disponer.
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Portion of Value
|
Rate of tax
|
Lower Limit
|
Upper Limit
|
Per cent.
|
£
|
£
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|
0
|
20,000
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Nil
|
20,000
|
23,000
|
10
|
23,000
|
28,000
|
12
|
28,000
|
38,000
|
15
|
38,000
|
48,000
|
19
|
48,000
|
58,000
|
23
|
58,000
|
68,000
|
27
|
68,000
|
78,000
|
31
|
78,000
|
93,000
|
35
|
93,000
|
108,000
|
40
|
108,000
|
123,000
|
45
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123,000
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|
50
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TABLE IV
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Applicable where the donee or successor does not stand to the disponer in a relationship referred to in Table I, II or III of this Part of this Schedule.
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Portion of Value
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Rate of tax
|
Lower Limit
|
Upper Limit
|
Per cent.
|
£
|
£
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|
0
|
10,000
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Nil
|
10,000
|
13,000
|
20
|
13,000
|
18,000
|
22
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18,000
|
28,000
|
25
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28,000
|
38,000
|
30
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38,000
|
48,000
|
35
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48,000
|
58,000
|
40
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58,000
|
68,000
|
45
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68,000
|
83,000
|
50
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83,000
|
98,000
|
55
|
98,000
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|
60
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”
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