Taxing the UK’s wealthy: A timeline of a changing landscape
By , 4 Aug 15
Law firm Edwin Coe maps out the upcoming changes to the taxation of high net worth individuals in the UK, as announced in the last two Budgets.
6 April 2016
-Pension relief annual allowance restricted to £10,000 for high earners
-UK residential property valued £500,000 or over now caught by ATED and ATED-related CGT
-Wear and tear allowance for landlords is abolished
-Dividend tax credits abolished and replaced with a ‘dividend tax allowance’ of £5,000 a year
-The dividend income tax rates increased to 7.5%, 32.5% and 38.1%
Tags: Budget | HMRC | UK Adviser
