CTM20065 - ACT: General: Rate of ACT
The rate of ACT was expressed as a fraction of the amount or value of the qualifying distribution,聽CTM20070.
Where the rate of ACT for any financial year differed from that for the preceding year, see CTM22250 onwards.
Table of ACT rates
Period or financial year |
Fraction |
Statutory provision |
|---|---|---|
6 April 1973 to 31 March 1974 |
3/7 |
FA72/S84 (2) |
1974 |
33/67 |
FA74/S12 |
1975 |
35/65 |
F(2)A75/S28 |
1976 |
35/65 |
FA76/S26 |
1977 |
34/66 |
FA77/S19 |
1978 |
33/67 |
FA78/S16 |
1979 |
3/7 |
F(2)A79/S6 |
1980 |
3/7 |
FA80/S20 |
1981 |
3/7 |
FA81/S21 |
1982 |
3/7 |
FA82/S22 |
1983 |
3/7 |
FA83/S12 |
1984 |
3/7 |
FA84/S19 |
1985 |
3/7 |
FA85/S35 |
1986 |
29/71 |
FA86/S17 |
1987 |
27/73 |
FA86/S17 |
1988 |
25/75 |
ICTA88/S14 (3) |
1989 |
25/75 |
ICTA88/S14 (3) |
1990 |
25/75 |
ICTA88/S14 (3) |
1991 |
25/75 |
ICTA88/S14 (3) |
1992 |
25/75 |
ICTA88/S14 (3) |
1993 |
9/31 |
ICTA88/S14 (3) |
1994 |
1/4 |
ICTA88/S14 (3) |
1995 |
1/4 |
ICTA88/S14 (3) |
1996 |
1/4 |
ICTA88/S14 (3) |
1997 |
1/4 |
ICTA88/S14 (3) |
1998 |
1/4 |
ICTA88/S14 (3) |