Get Ahead of the Tax on Wealth
Labour has signalled they will raise taxes in the autumn to ‘bolster’ public finances, following a predictable surge in borrowing and spending.
Despite pledges before their election not to tax ‘working people’, Labour has already confirmed that VAT will apply at 20% on private school fees from January.
It is also expected that sweeping reforms will be made to reduce pensions allowances and tax reliefs, increase capital gains tax rates, and broaden inheritance tax liabilities. Making ends meet as a residential landlord will be made tougher still, and non-domiciled status abolished entirely.
This autumn, join expert Apollo Private Wealth Advisers in our live webinar series, as we examine the penalties on wealth that Labour is poised to impose in their Autumn Statement on 30 October.