Sarah Wray writes for International Adviser on what might be in store for personal taxation under a potential Labour government
In a series of interviews over the summer Rachel Reeves the shadow chancellor indicated several measures that the Labour party has declared they will and won’t implement.
With the next UK election to be held no later than January 2025, what can we expect in terms of personal taxation if the Labour party is elected?
Sarah Wray, Senior Associate, writes a piece for International Adviser. Her article covers what not to expect:
- No plans for a Wealth Tax
- No plans to increase income tax or CGT
- No plans to change the pensions lifetime allowance (LTA)
- No reduction in corporation tax rates
She also covers off what we might expect:
- Limiting APR and BPR reliefs
- Removing, or limiting, the remittance basis
- Charging VAT on school fees
- Reversing stamp duty land tax (SDLT) cuts?
- Tightening up on tax evasion / avoidance and increasing transparency
Read the full piece in International Adviser here.
Read Sarah's more in-depth Passle post here - A Labour government: what might be in store for personal taxation?, Sarah Wray (charlesrussellspeechlys.com)
