A raid on popular pension tax breaks to drum up money for other government priorities is reportedly on the cards in the upcoming Budget. Pensions tax relief could be set at 20 per cent for everyone, potentially saving £10billion in payments to higher rate taxpayers. This would tear up the long-standing principle of saving into … Read more
Chancellor’s £430m tax sting for shops – on same day that he offers a lifeline By Neil Craven, Financial Mail on Sunday Published: 23:46 GMT, 7 March 2020 | Updated: 23:46 GMT, 7 March 2020 The Government will this week try to halt a massive £430million tax refund to shop owners – at the same … Read more
George Osborne’s second home stamp duty surcharge has raised £6.6billion – but expert claims ‘arbitrary and unfair’ tax isn’t working and it is not just landlords who are losing out Former Chancellor George Osborne introduced 3 per cent surcharge in 2016 Treasury had a £2.9billion target for it of by the end of the 2019/2020 … Read more
End of the tampon tax: Chancellor Rishi Sunak will axe the unpopular levy on sanitary products in his first Budget Widely-unpopular levy will be axed when Britain exits the transition period EU law has prevented members from reducing rate below five per cent It treated tampons and sanitary pads as luxury items and not essential … Read more
Six years ago due to a situation which led to a dispute with an aggressive neighbour my husband and I became what is broadly termed as ‘accidental landlords’. An argument arose over a shared drive, as our neighbor thought that he could park where he chose thus blocking a turning point – this led to … Read more
Christian Candy is pictured above with Emily Compton. The luxury property developer has, I can disclose, just got the better of the taxman in the latest round of a protracted battle over almost £2 million stamp duty Among his greatest triumphs was selling a single Knightsbridge apartment for £100 million. But Christian Candy is now … Read more
Every year the taxman sends out around 28 million tax codes to employees and pensioners — with the bulk landing around this time of year. The code tells you how much you can earn before you have to pay any income tax. Your tax code notice might seem dull but if the numbers and letters … Read more
My husband and I have decided to divorce. It’s all very amicable but as part of our joint estate we own a house in Spain which we are now looking to sell. The house is valued at €300,000. We’re unclear as to what the tax implications are for us once the money from the sale … Read more
Furious backlash over Chancellor’s £2.7billion tax raid on small firms By Tom Witherow For The Daily Mail Published: 23:45 GMT, 1 March 2020 | Updated: 07:46 GMT, 2 March 2020 There was a furious backlash last night against Government plans for a £2.7billion raid on small and medium-sized businesses. Chancellor Rishi Sunak is proposing to … Read more
SIMON LAMBERT: Will the Chancellor be brave enough to get rid of Britain’s 60p tax rate? By Simon Lambert for Thisismoney.co.uk Published: 06:00 GMT, 27 February 2020 | Updated: 09:00 GMT, 27 February 2020 It’s high time that Britain got rid of its 60p tax rate, but will the new Chancellor be brave enough? The … Read more