Tuesday was Tax Day, a new concept to me. It’s neither, apparently, another Budget nor an autumn statement in Spring. More, it turns out, some thoughts about stuff it might be a good idea to do. All the same rumours abounded, relief on pensions to go, CGT overhauls, none, again, materialised. Instead, consultations, discussion documents and calls for evidence were announced, mostly about ‘improving and simplifying administration’ and the old chestnut of ‘tackling avoidance’. So what was all the fuss about? I can feel a conspiracy theory brewing…
“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.
