George Osborne presented the first Conservative budget since 1996 and for a change was actually quite purposeful in its approach. All tax sectors were affected and should any client’s wish for specific advice then please telephone the office for an early appointment. The issues continued to revolve around how the Chancellor was to shave off £12billion from the welfare budget. Affecting Estates in particular, were changes to Inheritance tax, Principle Private Residence relief and ‘Buy to let’ Properties.
If in doubt please ask.