mowatt financial Planning

mowatt financial planning
Mowatt Financial Planning: March 2010

Tuesday, 16 March 2010

Budget 24th March

This year's budget is just over a week away. Some of the tax moves that are currently being rumoured are:

Capital Gains Tax (CGT) - the current rate of 18% is likely to increase given that the highest rate for income tax will be going up to 50% from 5th April 2011.

Income Tax - either the basic rate (20%) or the next band (40%) could go up by around 2%. Personal allowances could be frozen.

In the case of CGT if you have any gains that you need to realise in the near future it might be worth realising them now rather than after an increase in the CGT rate.

What's certain is that we won't see the full weight of any tax changes in the budget as the government won't want to get too much bad news out before the election.

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