Here are some of the highlights from the Chancellor of the Exchequer's 2018 Budget (published on 29 October 2018):
Personal Tax
The Personal Allowance will be raised to £12,500 and the Higher Rate Threshold (i.e. the amount that an individual can earn before paying higher rate tax) to £50,000 in April 2019 – a year earlier than planned. These levels will remain the same in 2020/21, and then increase by CPI going forward.
The final exemption period for Principal Private Residence Relief (PPR) which provides Capital Gains Tax relief on the sale of your home will be reduced from 18 to 9 months.
Under the current PPR rules, where you have let a property which at one point was your home Lettings Relief may be available to reduc...
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