Pre-budget knowledge

As Donald Rumsfeld once said, there are known knowns and known unknowns. There are also unknown unknowns. Thinking about the various tax announcements in the pre-Budget report on 9 October, some are known knowns but there are also a large number of unknown unknowns, especially when it comes to the proposed capital gains tax changes where the detail is still awaited. In terms of the inheritance tax (IHT) changes for the nil-rate band (NRB) we are however in a fairly clear position about the broad concepts, and have details in terms of draft legislation. We are currently in an in-between phas...