Capital Gains Tax was reduced from 28% to 20% for some, but significantly the pressure has been maintained on residential property with buy-to-let landlords being excluded from the reduction. Further bad news for property investors was the exclusion of any cap from the 3% additional Stamp Duty Land Tax for large investors.
Budget 2016 – The Analysis
Published on 17th March 2016
The UK’s tax system is going digital. The UK is a world centre for technology innovation and the UK government recognises the need to keep pace. It promises the digital transformation of tax administration, leaving more time to plan and utilise the abundance of tax reliefs available in the UK.
Why the HMRC’s digital transformation will make the UK even more open for business
Published on 15th March 2016
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