Kelly Hayworth from the Low Incomes Tax Reform Group (LITRG) summarises the LITRG's review of the PBR 2007 and looks at what lies ahead for low income taxpayers
So once again we sit down to sift through the wealth of press releases notes and statements to determine the impact of announcements in the Pre-Budget Report (PBR). Solicitors are presumably consigning precedents for nil-rate band discretionary trust Wills to the waste-paper basket. Accountants will hastily be reviewing capital gains tax advice given to clients and either urging a quick sale before the demise of taper relief or devising clever uses of options to defer transactions until the new rate comes in whichever might prove the more beneficial.
But how have those on low incomes fared? The Low Incomes Tax Reform...
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Kelly Hayworth from the Low Incomes Tax Reform Group (LITRG) summarises the LITRG's review of the PBR 2007 and looks at what lies ahead for low income taxpayers
So once again we sit down to sift through the wealth of press releases notes and statements to determine the impact of announcements in the Pre-Budget Report (PBR). Solicitors are presumably consigning precedents for nil-rate band discretionary trust Wills to the waste-paper basket. Accountants will hastily be reviewing capital gains tax advice given to clients and either urging a quick sale before the demise of taper relief or devising clever uses of options to defer transactions until the new rate comes in whichever might prove the more beneficial.
But how have those on low incomes fared? The Low Incomes Tax Reform...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
