UK Tax Allowances News
Government Considering Restricting Personal Allowance to Residents
The Government is currently considering restricting the personal allowance only to residents of the UK. This means that anyone who…
Expats Will Need to Pay CGT on Property Sales
From April 2015 the government are introducing a new provision to charge capital gains tax (CGT) on non-residents who dispose…
ISA Limit Increased
As of today (1 July 2014), the personal allowance limit on contributing to an ISA increases to £15,000 for the…
2014/15 Tax Allowances
The main tax allowances for 2014/15 have increased to the following amounts: Individual Personal Tax Allowance: £10,000 Individual Personal Tax…
2014/15 Isa Limit
There are some big changes to ISA limits in the 2014/15 tax year. In particular ISAs will change with effect…
Personal Allowance to Increase in April 2015
The government has announced a further increase in the rate of the personal allowance, the amount that any individual can…
Proposals to Increase Personal Allowance to £12,500
In the last few years the personal allowance has increased above the rate of inflation to the rate of £10,000…
State Pension Age to Rise to 70
The chancellor George Osborne confirmed in his autumn statement that the state pension age will rise to 70 for the…
Marriage Transferable Tax Allowance
David Cameron has announced a new change to the personal allowance for married couples from 2015. The change will benefit…
UKIP Propose Flat Rate Tax and Higher Personal Allowance
UKIP have put together a proposal for a higher rate of the UK personal allowance (£13,000) that would also be…