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  • FIRST POST
    • MSE Luke
    • By MSE Luke 16th Mar 16, 5:45 PM
    • 274Posts
    • 78Thanks
    MSE Luke
    MSE News: Budget 2016: Personal allowance tax threshold to rise to £11,500
    • #1
    • 16th Mar 16, 5:45 PM
    MSE News: Budget 2016: Personal allowance tax threshold to rise to £11,500 16th Mar 16 at 5:45 PM
    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'

    Click reply below to discuss. If you havenít already, join the forum to reply. If you arenít sure how it all works, read our New to Forum? Intro Guide.
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    • Pincher
    • By Pincher 17th Mar 16, 11:45 PM
    • 6,516 Posts
    • 2,491 Thanks
    Pincher
    • #2
    • 17th Mar 16, 11:45 PM
    • #2
    • 17th Mar 16, 11:45 PM


    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
    • By Wayne O Mac 18th Mar 16, 9:58 AM
    • 230 Posts
    • 272 Thanks
    Wayne O Mac
    • #3
    • 18th Mar 16, 9:58 AM
    • #3
    • 18th Mar 16, 9:58 AM
    But I was so happy, until the bubble burst.
    Originally posted by Pincher
    Just like the property market then.
    • Pincher
    • By Pincher 18th Mar 16, 1:48 PM
    • 6,516 Posts
    • 2,491 Thanks
    Pincher
    • #4
    • 18th Mar 16, 1:48 PM
    • #4
    • 18th Mar 16, 1:48 PM
    Just like the property market then.
    Originally posted by Wayne O Mac

    The property market is bursting?

    Not before I exchange contract, please.
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