Article 2 Chargeable amounts
The amounts that by virtue of section 101 (indexation of annual chargeable amounts) of the Finance Act 2013 are to be the annual chargeable amounts for the chargeable period beginning on 1st April 2018 are determined in accordance with the following table, by reference to the taxable value of the interest on the relevant dayf1.
| Annual chargeable amount | Taxable value of the interest on the relevant day |
|---|---|
| £3,600 | More than £500,000 but not more than £1 million. |
| £7,250 | More than £1 million but not more than £2 million. |
| £24,250 | More than £2 million but not more than £5 million. |
| £56,550 | More than £5 million but not more than £10 million. |
| £113,400 | More than £10 million but not more than £20 million. |
| £226,950 | More than £20 million. |
Annotations
Footnotes
- f1
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“Relevant day” is defined in section 99(5) of the Finance Act 2013 (c. 29).