It’s Budget Day on 3rd March, and, as always, various ideas are trailed/run up the flagpole/ along the platform to see if they catch the wind/ jump on the train/ other ghastly metaphors freely available. A one-off Wealth Tax to cover the Covid bill seems to be off the agenda. One suspects it may not have been a popular choice with many a Tory donor, although most would, I’m sure, find it easy to dodge. Aligning CGT with income tax, or even treating gains as income, seems to be the bookies’, and (one of) Rishi’s, favourite. Watch this space.
“IHT to be ‘battleground policy’ in general election as receipts continue to grow”
Just when you thought Inheritance Tax was to become yesterday’s news, it’s back as, apparently and potentially, a ‘battleground policy’ as the election looms.