“While Jeremy Corbyn spoke for the many, Theresa May was promising businesses low corporation taxes”

Sep 28, 2018 | Tax

The flip-side of New/Old/Whatever Labour is their belief that business is the root of all evil and should be taxed accordingly. Couple that with greedy landlords and local authorities desperate to raise cash by any means and you’ve a recipe for empty shops in a high street near you, which, of course, all will bemoan. Is that better or worse than a No Deal Brexit? Move that Rock out the way so I can get to the Hard Place.

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“HMRC scraps plans to tax pensions after death”

“HMRC scraps plans to tax pensions after death”

A couple of other Statement Highlights (in my world, anyway). A welcome ‘nothing happened’ on the treatment of pensions on death. They were never going to be liable to IHT (too complicated with trusts and trust law) but there was talk of making them income-taxable on the recipients at whatever age you die.

“Raising IHT threshold could cost government £6bn”

“Raising IHT threshold could cost government £6bn”

Well, the lesson of this week in politics must be to expect the unexpected. Or, alternative interpretation, to expect more of the same. The speculation on the future of Inheritance Tax has switched from abolition to a rise in the amount of wealth you can have before the 40% payment hits.