What are tax brackets for 2022 UK?
2022/23 Income tax in England, Wales, and Northern Ireland
|Tax Rate||2022/23 Tax Band Thresholds|
|Basic rate income tax: 20% tax on the proportion of income which falls into this tax bracket.||£12,571 – £50,270|
|Higher rate income tax: The part of your income which falls into this tax band is taxed at 40%||£50,271 – £150,000|
On what amount do you pay capital gains tax?
The tax rate on most net capital gain is no higher than 15% for most individuals. Some or all net capital gain may be taxed at 0% if your taxable income is less than or equal to $40,400 for single or $80,800 for married filing jointly or qualifying widow(er).