Budget 2008
Gordon Brown and Alistair Darling anounced their plans for the Budget 2008 with some interesting items relating to property:
Inheritance Tax - The allowance will be increased after the Budget 2008 to £324,000 per person.
Capital Gains Tax - The capital gains tax (CGT) annual exempt amount will be £9600, with a charge of 18% above that figure.
Stamp Duty - Duty will remain the same for the next year after Budget 2008. This will be good for the property market which has been fragile in the last quarter.
Get the full details with other details from the official DirectGov websiteBudget 2008!!!