Anne Hamilton and Lesley Britton examine recent changes in the tax treatment of life policies
The first coalition Government Budget on 22 June this year was widely expected to significantly increase rates of CGT although in the event the increase to 28% (for those paying tax at rates above the basic rate band) was much lower than anticipated. However this combined with the loss of higher rate relief on pensions contributions for those earning in excess of £130 000 and the recent introduction of the £30 000 levy for non-domiciled individuals has focused the minds of many tax advisers on methods of tax deferral for their clients.
One of the most established means of achieving tax deferral...
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Anne Hamilton and Lesley Britton examine recent changes in the tax treatment of life policies
The first coalition Government Budget on 22 June this year was widely expected to significantly increase rates of CGT although in the event the increase to 28% (for those paying tax at rates above the basic rate band) was much lower than anticipated. However this combined with the loss of higher rate relief on pensions contributions for those earning in excess of £130 000 and the recent introduction of the £30 000 levy for non-domiciled individuals has focused the minds of many tax advisers on methods of tax deferral for their clients.
One of the most established means of achieving tax deferral...
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:
