Archive for May, 2010
The new coalition government’s first Budget will take place on 22 June. It is expected that the rate of capital gains tax on non-business assets will increase, so that capital gains are taxed at the same rate as income. The top rate of tax will probably be 40%, in addition to which the [ READ MORE ]
It is apparent that an early casualty of the Conservatives’ coalition deal with the Liberal Democrats has been their manifesto pledge to increase the inheritance tax allowance (or ‘nil-rate band’) to £1m. The pledge was originally made in 2007 when the world was a very different place. More recently, the pledge has been used by the [ READ MORE ]
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