P635 ORACLE 635 Sat25 Apr C4 2131:30      ALLOWANCES FOR THE 1992/93 TAX YEAR Personal £3,445 Married £1,720 Additional allowance (eg single parents) £1,720 Age allowances if income is below £14,200 65 - 74 75+ Personal allowance £4,200 £4,370 Married couple's £2,465 £2,505 allowance Taxable income bands (ie after personal allowances have been deducted) £0 — £2,000...... 20% £2,001 — £23,700..... 25% £23,701 plus......... 40% Your Money guide 630 Letters 636 PROPERTY FOR SALE SEE PAGE 281 ITV Letters Trusts Nat Savings City
P635 ORACLE 635 Sat25 Apr C4 2100:02  1/5      ALLOWANCES FOR THE 1992/93 TAX YEAR Personal £3,445 Married £1,720 Additional allowance (eg single parents) £1,720 Age allowances if income is below £14,200 65 - 74 75+ Personal allowance £4,200 £4,370 Married couple's £2,465 £2,505 allowance Taxable income bands (ie after personal allowances have been deducted) £0 — £2,000...... 20% £2,001 — £23,700..... 25% £23,701 plus......... 40% Your Money guide 630 Letters 636 PROPERTY FOR SALE SEE PAGE 281 ITV Letters Trusts Nat Savings City
P635 ORACLE 635 Sat25 Apr C4 2100:00  2/5      Inheritance Tax (1992/93 rates) Tax Band Up to £150,000 Nil Over £150,001 40% Calculation includes the value of your home, but you can mitigate the effects of the tax. Seek professional advice. Capital Gains Tax 1992/93 An exemption of £5,800 applies per person. Realised gains in excess of this are taxed at an individual's highest tax rate. Losses can be used to offset gains and indexation tables (following) take account of inflation. more > Your Money guide 630 Letters 636 Letters Trusts Nat Savings City
P635 ORACLE 635 Sat25 Apr C4 2100:11  3/5      Capital Gains Tax You pay this when you sell something you own at a profit. There are some exceptions like your home and car. In 1992/93 you can gain up to £5,800 without incurring CGT. "Indexation" is there to counter inflation. Over the page are the indexation figures for assets sold in March. Find the month you bought the asset and multiply it by the original value. For example, an asset worth £5,000 in May, 1982 is: 0.675 x 5,000 = £3,375. Add this to the original purchase price and deduct the total amount from the price you sold the asset for. more > Your Money guide 630 Letters 636 Letters Trusts Nat Savings City
P635 ORACLE 635 Sat25 Apr C4 2101:11  4/5      Indexation for assets sold in March 1982 1983 1984 1985 1986 Jan = 0.655 0.574 0.499 0.420 Feb - 0.648 0.568 0.487 0.415 March 0.721 0.645 0.563 0.473 0.413 April 0.687 0.622 0.542 0.442 0.400 May 0.675 0.615 0.536 0.436 0.397 June 0.670 0.611 0.532 0.433 0.398 July 0.670 0.603 0.534 0.435 0.402 Aug 0.669 0.596 0.520 0.432 0.397 Sept 0.670 0.588 0.517 0.432 0.391 Oct 0.662 0.583 0.508 0.430 0.388 Nov 0.654 0.577 0.503 0.425 0.377 Dec 0.657 0.573 0.504 0.423 0.372 Use "hold" if required more follows > Your Money guide 630 Letters 636 Letters Trusts Nat Savings City