Finance Act, 1978

THIRD SCHEDULE

Rates of Capital Acquisitions Tax

Section 41 .

“PART II

TABLE I

Applicable where the donee or successor is the spouse, child, or minor child of a deceased child, of the disponer.

Portion of Value

Rate of tax

Lower Limit

Upper Limit

Per cent.

£

£

0

150,000

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

TABLE II

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.

Portion of Value

Rate of tax

Lower Limit

Upper Limit

Per cent.

£

£

0

30,000

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

88,000

103,000

25

103,000

118,000

28

118,000

133,000

31

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

TABLE III

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.

Portion of Value

Rate of tax

Lower Limit

Upper Limit

Per cent.

£

£

0

20,000

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

123,000

50

TABLE IV

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.

Portion of Value

Rate of tax

Lower Limit

Upper Limit

Per cent.

£

£

0

10,000

Nil

10,000

13,000

20

13,000

18,000

22

18,000

28,000

25

28,000

38,000

30

38,000

48,000

35

48,000

58,000

40

58,000

68,000

45

68,000

83,000

50

83,000

98,000

55

98,000

60