View more on these topics

IHT threshold to rise to 300,000 in 3 years

The inheritance tax threshold will be raised from 263,000 to 275,000 this year, rising to 285,000 next year and 300,000 the year after, said Chancellor Gordon Brown in his Budget speech today.

He said 94 per cent of UK estates will not be liable for IHT.

Rates will be frozen on capital gains tax, corporate taxation and insurance premium tax, announced Gordon Brown this afternoon.

The exemption amount for capital gains tax will increase from 8,200 to 8,500 a year.

The Chancellor said he would take action against double taxation relief and international arbitrage.

Recommended

Platform reduces rates across self-cert range

Platform is launching a range of self-certification base rate trackers and fixed rates, removing the rate increases that were introduced in the summer.For example, the two year tracker is at BBR +0.89 per cent (5.55 per cent) to 85 per cent LTV with no ERC overhang with 500 cashback. The three and five year trackers […]

Less regulation promised

Gordon Browns budget promised a reduction in the burden of business regulation in response to the Hampton Review, published today.The Hampton Review, commissioned in the 2004 budget, called for the reduction of inspections of businesses by a third, over one million less a year. This will be accompanied by tougher penalties for companies who persistently […]

Portman Building Society – 5 Year Fixed 4.99%

Type: Fixed-rate mortgageMinimum loan: 15,500Maximum loan: Up to 95% of valuation subject to a maximum of 250,000, up to 90% of valuation subject to a maximum of 400,000, up to 85% of valuation subject to a maximum of 500,000, up to 75% of valuation subject to no maximumIncome multiples: Up to 3.5 times principal income […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment