Personal tax

Contrary to the expectations of some commentators, the Chancellor chose not to make any changes to the rate of capital gains tax in the pre-Budget Report.

The Chancellor, Alistair Darling introduced a pre-election pre-Budget Report to the Commons that would, he said, “build a strong economy and a fair society”.

Pre-Budget Report 2009: an outline summary

One of the major announcements in Alistair Darling’s pre-Budget Report was the decision to raise employers’ and employees’ national insurance contributions.

A member of the Bank of England’s rate-setting Monetary Policy Committee has suggested that taxation may be needed to curb future boom-bust fluctuations in the UK housing and commercial property market.

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