8 April 2010

The Budget and Tax

Well I guessed wrong! Capital Gains Tax remains at 18% and the Chancellor even increased CGT Entrepreneurs' Relief to £2m (I'm happy to explain that if it might affect you!).

But more in line with the country's current tax situation, the Inheritance Tax Nil Rate Band ("allowance" to you and me) is set to remain at £325,000 until 2015. That means more and more people will fall into the tax - another stealth tax in the usual style of this government.

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