Yesterday, George Osborne delivered what we consider to be a positive 2016 Budget.
As anticipated, he decided to drop (or postpone) any plans to amend the higher rate pensions tax relief. Instead the Budget included a surprise reduction in the capital gains tax rate to 20%, other than for residential property (other than ‘main homes’) and carried interest gains which will continue to be taxed at 28% .
Our analysis of the key points from the 2016 Budget can be found here.
If you would like to discuss how these might apply to you, or any of the areas in more detail, please contact us.
All views and opinions expressed in the blogs are personal to the writer and may not necessarily be shared by everyone at TAP but our clients are always welcome to put forward alternative views and questions which we will endeavour to share via future blogs, where appropriate.
