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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
|
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
|
|
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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
|
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
|
|
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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.
|
|
£
|
£
|
|
|
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
|
|
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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
|
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
|
|
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”
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