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Posts Tagged: Summer Budget

Summer Budget Highlights for Personal Tax

Posted by on July 14th 2015 in Blog Posts, Private Client

Summer Budget Highlights for Personal Tax

Summer Budget Highlights for Personal Tax:

The Personal tax Allowance will rise to £11,000 for 2016-2017.

The rate before paying tax at 40% will rise to £43,000 for 2016-2017.

Buy to Let Landlords the mortgage interest relief is to be restricted to basic rate with the change to be introduced over 4 years from April 2017.

Finally there is a big shake up of the way the taxation of dividends will be treated.

Currently dividends are treated as having had 10% tax deducted at source.

From April 2016 everyone will receive the first £5000 of dividend income tax free and then above the £5000 you will...

Summer Budget 2015

Posted by on June 29th 2015 in Blog Posts, Private Client

Summer Budget 2015

There is an Emergency (or some are calling it the Summer) Budget announced to take place 8th July 2015.

There is a lot of speculation as to what will be featured in this.

In a previous Emergency Budget held 22nd June 2010 the Capital Gains Tax Rates were changed from midnight the same day.  So make sure that you keep up to date and watch the Budget.

For highlights of personal tax implications after 8th July 2015, please return to the Kitsons website.

If you need any advice on your personal tax matters please contact me by email at emma.thomas@kitsons-solicitors.co.uk or on 01803 202052.

 

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