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UK Budget 2012 - Focus on avoidance as rates fall

22 March 2012

The focus of Budget 2012 is headline tax rates and anti-avoidance.

The Government will, as expected, introduce a GAAR in Finance Bill 2013. Those buying valuable UK residential property should expect to pay SDLT and face penal charges if buying through vehicles. The new rates are intended to improve the UK's tax competitiveness. Corporation tax will fall to 22% from 2014 (and to 24% this year); the highest rate of income tax will fall to 45% from 6 April 2013.

Read the full article here: 'UK Budget 2012 - Focus on Avoidance as rates fall'.



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