Bud­get boost for first-time home buy­ers

The Daily Telegraph - Your Money - - FRONT PAGE -

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.

Pen­sions

After suc­ces­sive e years of cuts, the pen­sions s life­time al­lowance – which h is the max­i­mum sum any­one e can

Isas

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.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.