Fears Raised Over Incoming Labour Gift Tax

The Telegraph reports today that taxpayers are accelerating pension contributions and realising assets ahead of a Labour capital gains tax hike in the budget on October 30^th. Flurrying rumours are that Labour is crystallising plans for their other preferred ‘wealth’ tax hike…

Guido hears that plugged-in tax lawyers are actively preparing for the long-feared implementation of a gift tax.[…] Read the rest