The Election Campaign is finally over and the new Government has appointed its team.
Tax featured heavily in the manifesto, the most trailed changes were:
The introduction of an IHT exemption for the family home, and further changes to the already revised taxation of pensions.
So what happens now…
The Government could hold an Emergency Budget in June, the coalition did this when they came to power, or they could choose to wait until the Autumn Statement later this year to make any announcements.
In the meantime, whilst there is still some uncertainty over what tax reform is to come, seek tax advice before embarking on any new plans.
If you would like to discuss any of your proposed plans please do not hesitate to contact Lesley Sutton on 01484 550 037 or email firstname.lastname@example.org for more details.