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<copyright>Copyright &#169; 2012 Edward Rees</copyright>
<pubDate>Sun, 05 Feb 2012 08:37:10 +0000</pubDate>
<lastBuildDate>Sun, 05 Feb 2012 08:37:10 +0000</lastBuildDate>
<docs>http://blog.lblaw.co.uk/</docs>
<description>Lanyon Bowlder Solicitors blog.</description>
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<description>Lanyon Bowlder Solicitors blog.</description>
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<title><![CDATA[Budget Key Points - March 2011]]></title>
<link>http://blog.lblaw.co.uk/budget-key-points-march-2011-276/</link>
<description><![CDATA[
The following summarises today's budget:
Personal: 
Personal tax allowance to rise by 630 to 8,105 in April 2012 
Direct tax to be indexed by Consumer Prices Index (CPI), which excludes mortgage costs, from April 2012 
Consultation on merging National Insurance and Income Tax. Not proposing to increase taxes for pensioners 
50p tax rate should be a temporary measure 
Income Tax relief on Enterprise Investment Scheme to increase from 20% to 30% in April 2011
Charge on non-domiciled taxpayers to increase from 30,000 for those here for seven years to 50,000 for those in the country for 12 years
Businesses: 
Corporation Tax reduced by 2% from April 2011 - rather than 1% as previously announced - and to fall by 1% in each of the next three years to reach 23%
Small business rate relief holiday extended by one year to October 2012, at a cost of 370m
Entrepreneurs Relief scheme to be doubled to 10m from April 6
Small companies' research and development tax credit to rise to 200% in April and 225% in 2012 
A new 5.75% rate on overseas financing income coming into the UK
Sins: 
No new increase on alcohol or tobacco
Tobacco duty rates to increase by 2% above inflation, as previously announced. Tobacco duty regime reformed 
Fuel & Vehicles:
Cutting fuel duty by 1p per litre this year. To take effect in petrol stations from 6pm tonight 
Inflation rise in fuel duty planned for next week to be delayed until 2012
Fuel duty escalator that adds 1p to fuel duty on top of inflation each year to be cancelled for the rest of this Parliament
Vehicle Excise Duty to increase in line with inflation, and frozen for heavy goods vehicles 
Homeowners: 
250m fund for first-time buyers under shared-equity scheme to help 10,000 families]]></description>
<category><![CDATA[Edward Rees]]></category>
<pubDate>Wed, 23 Mar 2011 15:10:54 +0000</pubDate>
<guid>http://blog.lblaw.co.uk/budget-key-points-march-2011-276/</guid>
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<item>
<title><![CDATA[Drop in Number of Estates Paying IHT]]></title>
<link>http://blog.lblaw.co.uk/drop-in-number-of-estates-paying-iht-146/</link>
<description><![CDATA[It is really interesting to hear that the number of estates whose value takes them over the 325,000 inheritance tax threshold, the level below which no tax is payable, is expected to drop during this tax year by 25 per cent. The Revenue estimates the total take from the tax will drop from 2.83bn to 2.25bn. Overall, around 560,000 people die each year.House prices shot up from an average of 68,000 when Labour took power in May 1997 to 200,000 in the summer of 2007, while the number of families paying inheritance tax increased from 16,000 to 27,000. Many homeowners with no assets other than their properties were drawn into the tax net.]]></description>
<category><![CDATA[Edward Rees]]></category>
<pubDate>Wed, 14 Oct 2009 12:16:14 +0000</pubDate>
<guid>http://blog.lblaw.co.uk/drop-in-number-of-estates-paying-iht-146/</guid>
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<item>
<title><![CDATA[Don't Put off Today.......]]></title>
<link>http://blog.lblaw.co.uk/dont-put-off-today-121/</link>
<description><![CDATA[Life is full of the unexpected and I am currently a victim of a cruel quirk of fate.  Early one morning, having just remembered that I forgot to put out the wheelie bin for the fortnightly rubbish collection, I raced outside barefoot to catch the approaching bin men.  Fortunately for the neighbours, although barefoot, I was otherwise fully clothed.All went well as the bin men emptied out the overflowing contents of the wheelie bin into the back of their lorry until, in haste, I managed to run the bin straight over the little toe on my right foot.  Two weeks later I am still limping and thinking that, if my foot does not stop throbbing, I will have no choice but to get it X-Rayd!  I mention all this not for sympathy but as a cautionary tale: its best to sort out all the little things we tend to brush under the carpet before they stop us in our tracks.  Not necessarily literally  our carpets are pristine!  But I suppose I am saying do not put off today what you think you can do tomorrow...]]></description>
<category><![CDATA[Edward Rees]]></category>
<pubDate>Tue, 07 Jul 2009 13:15:09 +0000</pubDate>
<guid>http://blog.lblaw.co.uk/dont-put-off-today-121/</guid>
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