Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Rate (individuals) 20%/25%/40%
Annual exemption (individuals etc*) £5,800
Annual exemption (disability trusts) £5,800
Annual exemption (other trusts) £2,900
*Available separately for husband and wife
What is liable:
Investments, including shares
Land and buildings
Jewellery, pictures, antiques
Currency other than sterling
Property you create before disposing of it
Options, debts etc
What is Exempt:
Your main private residence
Foreign currency for personal expenditure abroad
Betting winnings (pools, premium bonds etc)
Government securities and certain corporate bonds
Life assurance policies and deferred annuities (where you
are the first owner or they were gifted to you)
Chattels sold for no more than £6,000
Private motor vehicles
Gifts to the National Trust
Futures and options in gilts and qualifying corporate bonds
Compensation/damages for any wrong or injury suffered
to your person or concerning your profession/vocation
Assets, eg boats and animals, that are tangible movable property, and wasting assets (expected life of less than 50 years).
Source: `How to Cut Your Tax Bill' by Walter Sinclair
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments