What can advisers expect from the UK budget?
Changes need to create ‘a logical, clear and fair tax system’
Budget
-
-
LTA freeze to ‘stealthily drag thousands into the tax net’
As UK Treasury eyes extra £250m a year from the move
-
Foreign ownership limits on Indian insurers to be relaxed
Which could encourage global insurers to enter the fast-expanding market, says Fitch Ratings
-
India budget fails to impress non-residents
120-day stay threshold not addressed which puts NRI status at risk for some
-
Non-resident Indians want clarity from the budget
Wishlist includes one-year extension to temporary uplift in days NRIs can spend in the country
-
Canada to tax foreign non-resident property owners
As a way to clamp down on individuals using the country as a ‘place to passively store their wealth’
-
Guernsey to scrap income tax on international savings plans
As UAE advice firm chief expects a ‘commercial war’ between crown dependencies
-
Spain to increase income and wealth tax
‘This will push UHNW retirees and investors to look at other more favourable jurisdictions’
-
IFAs looking to sell urged to get cracking
Law firm warns of higher taxes if firms delay M&A deals until after Spring 2021 budget
-
UK government scraps Autumn budget amid covid-19
‘At the moment, it would be extremely challenging to make long-term policy decisions’
-
Should Brits scramble to use tax allowances as budget looms?
Nobody knows when the axe will fall, but it’s expected to come down hard
-
What are the changes to the tapered annual allowance?
And is it just a ‘sticking plaster solution’?