Articles for Tax Relief

BrewDog founder ‘considers delaying’ wedding to Georgia Toffolo for tax relief – sparking fierce Linkedin debate
6 days ago

BrewDog founder ‘considers delaying’ wedding to Georgia Toffolo for tax relief – sparking fierce Linkedin debate

The Independent  

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Georgia Tax Tax Relief Linkedin Watt Our Weekly Guide Brewdog
Ajit Pawar gets relief as income tax department clears properties worth over ₹1,000 crore in benami case: Report
2 weeks, 2 days ago

Ajit Pawar gets relief as income tax department clears properties worth over ₹1,000 crore in benami case: Report

Live Mint  

In a significant development, the Income Tax Department has reportedly cleared properties worth over ₹1,000 crore seized in 2021 from Maharashtra Deputy Chief Minister Ajit Pawar and his family. This decision came after the Prevention of Benami Property Transactions Appellate Tribunal dismissed allegations that Pawar and his family owned benami properties. The tribunal's ruling coincided with Pawar's swearing-in as Deputy …

Family Properties Chief Minister Pawar His Family Benami Benami Properties
Fact Check: No income tax for senior citizens 75 and above?
3 weeks, 3 days ago

Fact Check: No income tax for senior citizens 75 and above?

India Today  

A message being shared on social media claims that senior citizens above 75 years of age would not have to pay income tax any more. According to the information given by the Central Board of Direct Taxes, the central government has changed the law to provide tax exemption to senior citizens, which includes important changes between Rule 31, Rule 31A, …

India Fact Check Tax Age Income Tax Income Senior Citizens
Lower incomes face further cut in the mortgage interest tax rate
Trending News
4 weeks ago

Lower incomes face further cut in the mortgage interest tax rate

Dutch News  

The Dutch cabinet is planning to increase the mortgage tax relief rate for people on higher incomes, while cutting it slightly for people earning less than €38,441 a year from next year, the Financieele Dagblad reported on Monday. Mortgage tax relief in the Netherlands has been cut steadily since 2013, after experts criticised its impact on house prices because it …

Netherlands Tax Mortgage Rate Mortgage Tax Relief Lower Income
London: Farmers protest against inheritance tax
1 month ago

London: Farmers protest against inheritance tax

Op India  

On the 19th of November, thousands of farmers in Britain are set to demonstrate in Parliament Square in London against the removal of an inheritance tax exemption that has aided farmers to bequeath their farmlands to the next generations, alleging that this decision will jeopardise food production. Agricultural Property Relief from Inheritance Tax and the Labour Party’s “Tractor Tax” Flags, …

London Tax Property Labour Farmers Land Inheritance
China announces tax relief measures to stabilize real estate sector
1 month, 1 week ago

China announces tax relief measures to stabilize real estate sector

China Daily  

A view of a property project under construction in Hangzhou, Zhejiang province. In a move aimed at stabilizing China's real estate sector, the government announced on Wednesday a series of targeted tax relief measures, effective from Dec 1，that are designed to bolster both housing demand and support for property developers. Individuals either purchasing first residence or second home, as long …

China Tax Relief Rate Sta Square Meters
Running India on a ₹ 100 budget: Where would you put the money?
1 month, 2 weeks ago

Running India on a ₹ 100 budget: Where would you put the money?

Live Mint  

Should India focus on free schools and hospitals for the poor or invest in public infrastructure? This was followed closely by "creating conditions for more government jobs", "investment in public infrastructure", "stimulus for growth of big businesses", and "direct cash transfers to the poor". The emphasis on hospitals and schools aligns with another finding from part 4 of this series, …

Social Media India Tax Jobs Poor Survey Tax Relief
I took 25% tax-free cash out of my pension before the Budget - can I put it back?
1 month, 3 weeks ago

I took 25% tax-free cash out of my pension before the Budget - can I put it back?

Daily Mail  

Tax-free cash: Many people made pension withdrawals as a precautionary measure before the Budget I took a 25 per cent tax-free lump sum out of my pension before the Budget. Helen Morrissey: Recycling rules were put in place to stop people taking their tax-free cash and reinvesting it into a pension for an extra slice of tax relief 2. Recycling …

Money Budget Pension Rules Tax Relief Cash Recycling Rules
Tricks to squeeze every last drop from your pension - and stop the Budget taking a tax bite
1 month, 3 weeks ago

Tricks to squeeze every last drop from your pension - and stop the Budget taking a tax bite

Daily Mail  

Experts say the golden rules of retirement income planning now need to be thrown out the window after Rachel Reeves Budget this week Chancellor Rachel Reeves dropped a pension reform bombshell in Wednesday’s Budget so dramatic that experts say the golden rules of retirement income planning now need to be thrown out the window. For years, they have been funnelling …

Retirement Tax Wealth Budget Income Tax Inheritance Income
Keir Starmer pins hopes for economic growth on British Hollywood
2 months, 2 weeks ago

Keir Starmer pins hopes for economic growth on British Hollywood

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The prime minister spoke exclusively to The Independent ahead of a new package of tax …

Film Industry Tax Independent Economic Growth Conservative British
Reeves warned against ‘perilous’ pension and capital gains tax rises
3 months ago

Reeves warned against ‘perilous’ pension and capital gains tax rises

The Telegraph  

Rachel Reeves has been warned of the “perilous” impact of increasing pensions and capital gains taxes, as economists claimed this would damage living standards, discourage saving and harm growth. It said that launching a blanket raid on capital gains would also backfire, with tax increases acting as an “ever-greater drag on saving and investment”. ‘Jumbled tax system’ The IFS said: …

Capital Gains Tax Capital Capital Gains Tax Relief Ifs Gains Perilous Pension
Autumn Budget 2024: When it is and what experts predict will happen - from tax rises to pensions
3 months, 3 weeks ago

Autumn Budget 2024: When it is and what experts predict will happen - from tax rises to pensions

Daily Mail  

UPDATE: Rachel Reeves has now delivered her Budget. Basic rate taxpayers with taxable income below £50,270 pay 10 per cent capital gains tax, while higher and additional rate taxpayers pay 20 per cent. Rates are different on property that isn't your own home, and profits on second homes and buy-to-lets face capital gains tax rates of 18 per cent for …

Labour Budget Pension Income Tax Capital Gains Tax Relief Income
Labour's pre-Halloween nightmare: The SIX taxes Rachel Reeves could hike in 'painful' Autumn Budget on 30 October as Chancellor mulls targeting inheritance, pensions and council tax and fuel duty to p
3 months, 3 weeks ago

Labour's pre-Halloween nightmare: The SIX taxes Rachel Reeves could hike in 'painful' Autumn Budget on 30 October as Chancellor mulls targeting inheritance, pensions and council tax and fuel duty to p

Daily Mail  

Sir Keir Starmer and Rachel Reeves could impose a series of tax hikes on Britons over the coming months from inheritance to pensions and capital gains to savings. Here, MailOnline looks at five taxes the Government could raise in the Budget: CAPITAL GAINS TAX Capital gains tax is charged on the profit made from financial assets such as shares or …

Tax Labour Budget Duty Inheritance Fuel Capital Gains Tax
How Nebraska’s special legislative session on taxes came about and what to expect
4 months, 3 weeks ago

How Nebraska’s special legislative session on taxes came about and what to expect

Associated Press  

Nebraska lawmakers have introduced more than 100 proposals aimed at easing residents’ soaring property tax bills -- from a vast expansion of goods and services subject to the state’s sales tax base to legalizing marijuana to reap new tax revenue. Jim Pillen recalled state lawmakers to the State Capitol on July 25 after the Legislature failed to pass a property …

Tax Property Taxes Property Taxes Nebraska State Democrat
Budget 2024: Why Dalal Street investors are nervous and what to expect on July 23
5 months ago

Budget 2024: Why Dalal Street investors are nervous and what to expect on July 23

India Today  

Benchmark stock market indices were trading flat on Monday as investors awaited Finance Minister Nirmala Sitharaman's Budget 2024 presentation on July 23. There is a palpable sense of caution among market participants due to high expectations related to tax relief, both in terms of personal income tax and capital gains taxation. Market investors cautious ahead of budget There is a …

Tax Budget Tax Relief Expect Market Investors
Budget 2024: Will FM Nirmala Sitharaman fulfill your income tax wishes?
5 months ago

Budget 2024: Will FM Nirmala Sitharaman fulfill your income tax wishes?

India Today  

Finance Minister Nirmala Sitharaman is all set to present the full Budget 2024 on July 23. With various sectors anticipating significant announcements, salaried taxpayers are particularly hopeful for major income tax relief, including changes in the new income tax regime and standard deductions. Despite positive expectations for the budget, significant tax relief for the middle class may not materialise. Sandeep …

Tax Budget 2024 Tax Relief Budget 2024
Union Budget 2024: Middle class might not get expected tax relief
5 months, 1 week ago

Union Budget 2024: Middle class might not get expected tax relief

India Today  

The government led by Prime Minister Narendra Modi is expected to tilt towards populism given the weaker mandate and the huge dividend of Rs 2.1 trillion for FY24 given by the Reserve Bank of India. As the government prepares to present the budget for the financial year 2024-25 on July 23, the middle class may not see the anticipated tax …

Budget Middle Class 2024 Tax Relief Positive Expectations Expected Tax
Five tips to dodge savings interest tax as a 45p additional rate taxpayer
5 months, 2 weeks ago

Five tips to dodge savings interest tax as a 45p additional rate taxpayer

Daily Mail  

There are now 1.1m additional rate taxpayers, more than double since 2020 Many additional rate taxpayers face tax bills on their savings interest, potentially without realising. It means 65 per cent of the entire amount HMRC expects to receive for savings interest tax in the current tax year will be paid by additional rate taxpayers. Unlike basic and higher rate …

Savings Tax Pension Pay Interest Capital Gains Tax Relief
Budget 2024: Will government increase Section 80C limit?
5 months, 4 weeks ago

Budget 2024: Will government increase Section 80C limit?

India Today  

Finance Minister Nirmala Sitharaman is expected to present the Budget for 2024 on July 23 or 24, with experts suggesting that the government may look to provide tax relief in a bid to boost consumption. "The maximum deduction under Section 80C has been capped at Rs 1.5 lakhs since first budget of BJP government post-election in 2014," said Mitesh Jain, …

Tax Budget Tax Relief Lakh Increase Limit Rs 3 Lakh
Budget 2024: Which income categories can expect tax relief?
6 months ago

Budget 2024: Which income categories can expect tax relief?

India Today  

The government is considering a reduction in tax rates for specific categories of salaried individuals, aimed at boosting consumption, reported news agency Reuters. The reduction in tax rates could be part of the upcoming budget announcement in July by Finance Minister Nirmala Sitharaman, the report said, citing two government officials. Potential tax relief The anticipated tax relief could benefit individuals …

Tax Tax Relief Rate Tax Rates Rs 15 Lakh
With home prices up more than 50%, some states try to contain property taxes
6 months, 3 weeks ago

With home prices up more than 50%, some states try to contain property taxes

Associated Press  

For retirees Tom and Beverly McAdam, the good news is the value of their two-bedroom home in suburban Denver has risen 45% since they purchased it more than six years ago. “To pay the higher property taxes, it just means we’ve got to take more money out of our investments when it comes time to hit those big bills,” Beverly …

Georgia Growth Property Taxes Homeowners Values Property Taxes
Nebraska’s governor says he’ll call lawmakers back to address tax relief
8 months ago

Nebraska’s governor says he’ll call lawmakers back to address tax relief

Associated Press  

Jim Pillen threatened from the beginning of this year’s legislative session that he would call lawmakers back for a special session if they failed to pass a bill to significantly ease soaring property taxes. On the last day of the 60-day session Thursday, some lawmakers who helped torpedo an already anemic tax-shifting bill said they would welcome Pillen’s special session. …

Tax Property Nebraska Republican Tax Relief Votes Omaha
Tax relief extended at green freeports
9 months ago

Tax relief extended at green freeports

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The extension until 2034 will apply to Inverness and …

Tax Investment Scotland Green Tax Relief Scottish Freeport
The tourist hotspots at war over holiday homes: How coastal towns are divided over Hunt's Budget crackdown - amid fears new tax raid could DOUBLE cost of staycation properties
9 months, 2 weeks ago

The tourist hotspots at war over holiday homes: How coastal towns are divided over Hunt's Budget crackdown - amid fears new tax raid could DOUBLE cost of staycation properties

Daily Mail  

Residents living in the England's most desirable tourist hotspots fear the tax raid on holiday let owners announced in yesterday's budget will wipe out staycation income, which is crucial for their survival. Burnham Market Lauren Mason, 23, a bartender at The Red Hart Inn in Bodham, said a huge amount of trade is generated by all the holiday lets and …

Holiday Homes Properties Tax Local Money Budget