Following yesterdays Budget report, the following information regarding changes to personal taxation has been compiled by Michael Martin Partnership.
Personal Allowances 2009-10
These remain as announced in the Pre-Budget report November 2008. From the 6 April 2009 the income tax personal and age related allowances are increased to:
Age under 65 – £6,475
Age [...]
UK Finance News
Entries Tagged as 'Inheritance Tax'
UK Finance: The Budget Personal Tax Changes
John Williams - Thursday 23.04.09, 09:49am
Tags: Budget News · Capital Gains Tax · Finance News · Income Tax · Inheritance Tax · Pensions · Personal Finance · Savings · Tax and Duty · UK economy
HMRC prepared for ‘lighter touch’ over IHT
James Stafford - Wednesday 07.05.08, 06:31am
Since allowing carry over of deceased spouses’ IHT allowances from last October, the HMRC has also had to review how this is assessed.
The IHT allowance – currently £312,000 – can effectively be passed over to a spouse
where it is unused or partly unused.
Qualification for the extra entitlement, up to £624,000 maximum, is reliant on survivors [...]
Tags: Inheritance Tax · Savings
