2020/21 | 2019/20 | ||
Income | |||
Rate applicable to trusts | 45% | 45% | |
Dividend income tax rate | 38.1% | 38.1% | |
Standard rate band | £1,000 | £1,000 | |
Exempt amount - trust for infant children | £100 | £100 | |
Capital gains | |||
Trust capital gains tax exempt amount for most trustees | £6,150 | £6,000 | |
Minimum amount | £1,200 | £1,200 | |
Rate of tax | 20% | 20% |