What the Budget could add to your tax bill – and what you can do about it
Original Article Summary
Sarah Coles is head of personal finance at Hargreaves Lansdown Rumoured tax changes could hike your tax bill by over £85,000 – excluding potential inheritance tax changes. If you have a large estate and could be hit by rumoured changes to inheritance tax, then the potential cost could be hundreds of thousands of pounds. You […] The post What the Budget could add to your tax bill – and what you can do about it appeared first on PropertyWire.
PropMatch Curated Analysis
Pre-budget analysis warns UK property investors of potentially significant tax increases including CGT on expensive properties, National Insurance on rental income, and inheritance tax changes, with specific mitigation strategies provided.
Investor Relevance
Critical for tax planning and investment strategy - potential CGT on properties over £1.5m, NI on rental profits adding £960+ annually, and major inheritance tax changes affecting wealth transfer strategies require immediate consideration.
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