What else didn’t change in the budget?

Nov 24, 2017 | Budget

Tags: Budget, Capital Gains, Dividends, Inheritance Tax

Inheritance Tax. Why bother, when it now rakes in more than enough to pay the additional Brexit bill which if we can now say is funded by those that won’t have to worry about it. The annual allowance of £3,000 has not been increased since 1988. With inflation it should now be at least £7,500

And the Dividend Tax allowance, the amount of tax-free income you can earn from shares which will still go down from £5,000 to £2,000 in the next tax year.

What changed in the Budget that you won’t have noticed?

Indexation of capital gains for companies has gone. So what? The returns from insurance company investment bonds will reduce although Philip H (the other one) says they should ‘just absorb any losses’.

But then lots of things that could have happened, didn’t. So, if you’ve still got your health, count your blessings. Happy days.

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