Extension of the 12-month stamp duty holiday introduced in September, more
inheritance tax for homeowners and a crackdown on those who stash away their
money in offshore accounts to evade tax, are some to the pre-budget report
forecasts from several experts at
Karen Campbell, Grant Thornton head of stamp taxes, said extending the stamp
duty suspension for properties worth less than £175,000 could be on the cards.
‘It would not be a major surprise if it were to become permanent,’ she said.
Grant Thornton thinks significant changes to inheritance tax are unlikely
beyond the pre-announced tax free limits of £325,000 for 2009-10 and £350,000
for 2010-11. Maurice Fitzpatrick, a senior Grant Thornton tax manager, noted the
government would be considering house prices continuing to fall in its
inheritance tax decisions.
Gary Ashford, Grant Thornton tax investigations director, said: ‘Given the
current economic outlook, the Treasury is in need of extra revenue and
encouraging people to come clean to pay tax on their offshore accounts is
looking like a very real option.’
Taxman lines up early exit from doomed Concentrix tax credits deal, as HMRC faces intense scrutiny from MPs
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
HMRC has won its tenth successive case against tax avoidance schemes promoted by NT Advisors. The Court of Appeal has ruled that NT ... read more