The Labour government is not afraid to take controversial decisions therefore advisers should brace themselves for a range of possible tax changes in the upcoming Budget, delegates heard.
Speaking at PA360 North today (1 October), AJ Bell head of public policy Rachel Vahey outlined numerous potential tax changes the chancellor could unleash on 30 October. She said both capital gains tax (CGT) and inheritance tax (IHT) were always "firm favourites" for pre-Budget speculation on changes and advisers should keep these in mind ahead of chancellor Rachel Reeves' speech. Vahey added: "The government is not a scared government. They already brought in winter fuel payments. They are not afraid to take controversial decisions. They are in a very confident position." The poli...
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