Budget Post Mortem
Budget Day 2017 has passed, the media frenzy surrounding it has quietened down.
The devil is always in the detail and whilst there was a great deal of sound and fury over continuing debt, measures to try and increase house building, infrastructure and IT businesses, there was little for the ordinary consumer in the way of increased incentives to save and no mention of more tinkering with pensions.
There is concern that the Chancellor might be looking at two Inheritance Tax Reliefs – Agricultural Property and Business Property Relief. This currently stands at 100%, so no tax to pay. Looks like this is about to change.
The rabbit out of the hat was the cancellation of stamp duty for first time buyers, a move to helping those struggling to get on the housing ladder