Budget 2011: What to expect on tax

Laura Miller
clock

Mark Green, head of tax and estate planning at Legal & General, offers his tips on what tax changes to expect in next Wednesday's Budget.

"The Tories have already done the Labour trick of making the Budget announcement before the Budget with last year's Autumn Spending Review," says Green. "But there are some tax issues which seem ripe for the Chancellor to look at again." 1) Non-doms - annual charge Non-doms who have been resident in the UK for seven out of the past 10 years but still want to claim a remittance basis of taxation, have to pay a £30,000 annual tax charge, on top of the normal rate of income tax. The Chancellor could up the rate of the annual tax charge. In 2008/09 there were 123,000 non-doms in t...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax Planning

Budget 25: IHT nil rate bands frozen until 2031

Budget 25: IHT nil rate bands frozen until 2031

Confirmed in Budget documents today

Isabel Baxter
clock 26 November 2025 • 2 min read
How charitable giving could help mitigate the IHT on pensions impact

How charitable giving could help mitigate the IHT on pensions impact

Castlefield adviser unpacks what the IHT on pensions changes mean for charitable gifting

Isabel Baxter
clock 27 October 2025 • 3 min read
Reeves eyes income tax rise in Autumn Budget – report

Reeves eyes income tax rise in Autumn Budget – report

Would break Labour’s manifesto pledge

Isabel Baxter
clock 24 October 2025 • 2 min read