The property tax basic rate will now be at 22%, with the higher rate at 42% and the additional rate at 47%. The changes apply across England, Wales and Northern Ireland.
Dividends will also see increases with the ordinary rate increasing by two percentage points to 10.75%, while the upper rate will also see the same percentage point hike to 35.75%. Additional rates remain unchanged at 39.35%.
The basic, higher and additional rates on savings income will also increase two percentage points to 22%, 42% and 47% respectively.
The dividend tax changes will come into effect from 6th April 2026, with the others set to take place from 6th April 2027.
Leave a comment