Latest news and views tagged tax relief
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The Treasury is consulting on introducing a new 10% rate of corporation tax for company profits that derive from patents. This is instead of the 26% rate for other corporation tax. The aim is to incentivise...
The Budget: how does it affect residential property?
On Wednesday, the Chancellor published his Budget Report and Plan for Growth. So what’s in store for residential property.
1. Assistance for first-time buyers
The Government announced that it will...
Tax reliefs are now under review
The Government has asked the recently-formed Office of Tax Simplification (OTS) to carry out a review of all tax reliefs, allowances and exemptions for businesses and individuals.
All in all, over 1000...
Changes to Pensions
As we have reported previously the Government have been looking at restricting Pensions relief for some time now.
The Treasury have just now issused the following press release, which we will consider...
Restricting pensions tax relief for high earners: time for another consultation…
Earlier this week, I wrote an article warning that restrictions on pensions tax relief were due to come into effect on 6 April 2011, but that in his forthcoming Budget speech, the Chancellor of the Exchequer...
High earners beware: restrictions on pensions tax relief are just around the corner…
The Government is coming under increasing pressure from business groups and accountants to reverse the planned reduction in tax relief on pension contributions, which is due to come into effect in April...