Tag Archives: Gordon Brown

Capital Gains Tax – Fundamentals

The formal Conservative/Liberal Democrat Coalition Agreement says ‘We further agree to seek a detailed agreement on taxing non-business capital gains at rates similar or close to those applied to income, with generous exemptions for entrepreneurial business activities’. This wording suggested that CGT rates could be as high as 50% at some point in the future. […]

What Future Higher Rate Pension Relief?

In the third of the prime ministerial debates, Gordon Brown indicated that higher rate relief would be restricted for those with income of £100,000 or more (a much lower income threshold than that applicable under the anti-forestalling provisions or the new restricted relief provisions due to take effect from April 2011).  Although it was subsequently […]

Child Trust Fund

Synopsis: Another round of Child Trust Fund payments is about to begin. The launch of the Child Trust Fund (CTF) was one of those pieces of legislation regularly re-announced by Gordon Brown when he was Chancellor. The first proposals appeared in a Treasury paper in April 2001. There was a formal announcement of the scheme […]