Non-doms and nil rate bands: Six ‘Emergency Budget’ predictions
By International Adviser, 19 Jun 15
Chris Groves and Sophie Dworetzsky from international law firm Withers outline six of their expectations for July’s Budget.
2) Inheritance tax
The Conservatives fought the election on the basis of adding a further £175,000 ‘transferrable main residence allowance’ to the nil rate band.
This proposal largely seems designed to allow the Conservatives to fulfil their long stated desire to increase the (effective) IHT threshold for married couples to £1 million without actually increasing the nil rate band.
Tags: Non Doms | UK Adviser | Withers
