Budget boost for first-time home buyers
April. That means individuals will be able to make capital gains of £11,700 in the 2018-19 tax year without incurring capital gains tax.
Plans to make buy-to-let investors pay capital gains tax within 30 days of selling a property were deferred until April 2020. Currently buy-tolet investors have until their next tax return to pay the tax due; this had been due to change in April 2019. for cars registered after April 2017) will increase in line with the RPI on April 1 2018.
As part of the Chancellor’s measures to encourage new, energyefficient technologies, there re will be a tax break for employees who drive electric vehicles and charge ge them at the office. That’s because se the benefit of this form of “fuel” el” will not be added to employees’ s’ wages and taxed.
The fuel duty rise for petrol and diesel scheduled for April 2018 will be cancelled. The Government will end the “fuel duty escalator” for liquefied petroleum gas (LPG), so the LPG rate will also be frozen in 2018-19.
After successive e years of cuts, the pensions s lifetime allowance – which h is the maximum sum anyone e can
ann w H Juni 201 £4,260
Dutie o pro cid Th There will be no increases for e economy class, but duty will rise for premium classes and p private jets.