May 2010

Non Doms and the Emergency Budget

One of the Conservative policies was to change the tax regime for non doms. This involved a £25K non dom tax charge for all non doms to benefit from the remittance basis. Crucially it would apply irrespective of the length of residence in the UK…

The proposals to increase the rate of CGT to 40% or 50%

The recent Liberal-Conservative coalition agreement included the following statement in relation to capital gains tax : '…We further agree to seek a detailed agreement on taxing non-business capital gains at rates similar or close to those applied to…

Tax proposals in the Liberal/Conservative coalition agreement

On 12 May the Conservatives & Liberal Democrats published a coalition agreement stating some of the key policy areas they intend to take forward. Some of the key points are: The raise in the IHT increase is put on hold and is unlikely to be…

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