Professional Adviser's sister Investment Week summarises ten of the key points from chancellor Jeremy Hunt’s address to parliament yesterday (17 November) for advisers to consider.
Inheritance tax The move made by the chancellor on inheritance tax (IHT) to is likely to net more than £1bn for the government by the end of the 2027/28 tax year, Office for Budget Responsibility (OBR) forecasts show. The IHT freeze is set to remain in place until 2028, the government confirmed, as part of what Hunt labelled a range of "difficult decisions" around tax needed to stabilise Britain's troubled economy. Dividend tax allowance and CGT thresholds cut The government is halving the dividend tax allowance, falling from £2,000 to £1,000 next year and to £500 from 2024. Hunt...
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