ARTICLE · 19 DECEMBER 2007

Financial Tax Planning A Briefing On Topical Issues

Smith & Williamson

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As well as our view on the Pre-Budget Report, we analyse tax relief on overseas pensions, weigh up asset types, examine protected rights and explore annuity options. There’s also our guides to green investment, grouped pensions and life policy trusts.

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As well as our view on the Pre-Budget Report, we analyse tax relief on overseas pensions, weigh up asset types, examine protected rights and explore annuity options. There’s also our guides to green investment, grouped pensions and life policy trusts.

REFLECTIONS ON THE 2007 PRE-BUDGET REPORT

This year’s Pre-Budget Report defied expectations and included major changes to tax rules. We explore the key areas affected.

Back in October, speculation over an imminent general election was dominating the headlines. So it was generally expected that the Pre-Budget Report (PBR) statement would be truncated. Even when it emerged there was to be no the PBR was still expected to be a nonevent as the Chancellor would have had no time to prepare the full version. So it was something of a shock to find that, not only was it a full-blown report, but it also contained major changes to inheritance tax (IHT), capital gains tax (CGT) and the rules for residence and domicile.

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