TaxCorporate TaxTax compromises central to coalition plans

Tax compromises central to coalition plans

Tory and Lib-Dem tax policies lined up for compromise

George Osborne

Tory/Lib Dem tax policies face a
number
of compromises
as a coalition government.

Early reports suggest that the Lib-Dems’ mansion tax plan will go by the
wayside, as will the Tories’
IHT
threshold increase
.

The income tax threshold is set to rise to £10,000, a Lib-Dem policy, while
planned increases in national insurance will be shelved.

CGT could
rise
on non-business assets to as much as 40%, reported the
FT
.

Both parties were against the child trust fund set-up.

The Tories’ married couples tax relief plan could also survive the
negotiations

An emergency Budget is expected to take place within the next two months.

Further reading:

Brown
leaves and coalition finally takes office

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