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Monday, March 27, 2006

What the 'Budget' Means for You

The BBC goes into this years budget in detail. A number of tax changes are discussed:

"# the personal tax allowance, which will go up from £4,895 to £5,035

# an increase in the inheritance tax (IHT) threshold which will now gradually increase from £285,000 in the 2006-07 tax year to £325,000 in 2009-10

# and the restructuring of the rules of some trusts

# the stamp duty threshold, which is to rise by £5000; now properties from £125,000 to £250,000 will attract the 1% tax"

Read more at the BBC Financial section to see if you are better off.


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