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MSE News: Budget 2016: Personal allowance tax threshold to rise to £11,500
MSE_Luke
Posts: 295 MSE Staff
in Cutting tax
The level at which people start to pay income tax will rise to £11,500 next April...
Read the full story:
'Budget 2016: Personal allowance tax threshold to rise to £11,500'
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'Budget 2016: Personal allowance tax threshold to rise to £11,500'
Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
0
Comments
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https://www.gov.uk/government/news/budget-2016-some-of-the-things-weve-announced
I was so happy to see this:
"From April 2016, the higher rate of Capital Gains Tax will be cut from 28% to 20% and the basic rate from 18% to 10%."
I spent hours working out the difference between selling before 6th April at 28%, and selling after 6th April at 20%, and it was tens of thousands.
And then I found:
"There will be an additional 8 percentage point surcharge to be paid on residential property and carried interest (the share of profits or gains that is paid to asset managers)."
Hours wasted. But I was so happy, until the bubble burst.0 -
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Wayne_O_Mac wrote: »Just like the property market then.
The property market is bursting?
Not before I exchange contract, please.0
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