Budget Property Issues

George Osbourne’s ‘Emergency Budget’ has been delivered.

Councils that can keep their Council Tax bills down, by means of saving on expenses, will be subsidised as a reward for so doing. This will mean council tax bills can be frozen for the year 2011/12 for hard-hit householders.

The top rate of Capital Gains Tax is to be increased to 28% from midnight. This will only affect higher-rate tax payers. This is lower than the 40% rumoured.

22nd June 2010