Investors are currently charged 0.5% tax whenever they purchase shares, but chancellor Gordon Brown may use his address to scrap the charges.
London Stock Exchange chairman believes this costs the average person with a pension around £156 a year.
Among other changes, Brown has been predicted to:
- Simplify rules on ISAs
- Scrap savings tax
- Increase personal allowances
- Increase council tax on second homes
- Raise the inheritance tax threshold
Richard Le Tocq, head of Locate Guernsey, discusses the chancellor’s approach to high net worth individuals, and why relocation is increasingly attractive to HNWIs
The firm says that the U-turn 'does not alter the need for a fundamental review of the way we tax work' and that the current tax system is in need of reform
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals