MSE News: Budget 2016: Personal allowance tax threshold to rise to £11,500

MSE_Luke

The level at which people start to pay income tax will rise to £11,500 next April...

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'Budget 2016: Personal allowance tax threshold to rise to £11,500'

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Pincher

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.

Wayne_O_Mac

Pincher wrote: »

But I was so happy, until the bubble burst.

Just like the property market then.

Pincher

Wayne_O_Mac wrote: »

Just like the property market then.

The property market is bursting?

Not before I exchange contract, please.