Rat and Mouse
Tue
22
Jun
The budget - a few quick headlines

The most important points, from the perspective of property, building, house prices etc:

  • Capital Gains Tax... from 18% to 28% for higher rate tax payers, from midnight.
  • Maximum limits on housing benefit... to £400 a week for a four-bedroom house.
  • VAT up to 20%, from January 4, 2011.

The VAT increase is likely to create the most uproar. The CGT hike isn't as dramatic as many expected.

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