Darling All Smiles Over Tory Tax Snatch
Wednesday 10 October 2007
Alistair Darling managed a wry smile in the Commons as he plundered the most popular of the Conservatives' tax policies - on Inheritance Tax say SkyNews
Here’s a Roundup of the news
The transferability of the IHT nil rate band between spouses and civil partners is a welcome move - it avoids some complex will planning.
Abolition of taper relief from April 2008. For individuals with non-business assets, the introduction of an 18% CGT rate is welcome, but for the owners and employees of unquoted trading companies the 18% rate is an increase of 80%.
Abolition of indexation between March 1982 and April 1998
Transferability of the nil rate band between spouses and civil partners
A change to the rules for UK residents with income from the Republic of Ireland
Some real proposals on the taxation of non-domiciliaries
Want to know more. Chiltern the tax specialists have produced a download. Click here for more information
posted by Murray Round Wealth Management @ 08:44,
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Nicholas Round
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