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PBR 2007 — LITRG

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

 
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...

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