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Alistair Darling delivered his first Pre-Budget
Report on Tuesday 9 October 2007.
The PBR focused on personal tax, with the introduction of a new 18%
flat rate of capital gains tax (replacing the current 10-40%
effective rates), a move to allow married couples to pass on unused
inheritance tax allowances and the introduction of a flat rate
charge of £30,000 on non-domiciled people who have been resident in
the UK for 7 years. In two years' time, air passenger duty will be
replaced by a new tax on flights - raising 25% more money.
Deloitte’s dedicated website offers you in-depth analysis, expert
commentary and opinions on the changes announced by the Chancellor. |
