UK Election 2019

On the 29th October the government fired the starting gun on what promises to be the most polarised general election in a generation. It's time for the talking to turn to action and for the parties to put their cards on the table on tax.

We’ve set out below the runners and riders for the great policy Derby and our predicted odds for each of them to cross the line.

We can’t be sure of who will end up in Number 10 on 13 December, but our clients are regularly asking us for advice on how they can prepare for a number of different outcomes. This page will be frequently updated before the country heads to vote, covering hot topics and the impact that tax policies from the Labour, Conservative and Lib Dems will have.

Please note, that the following odds for some of the parties policies have been suggested by our team and are purely fictional.

Insight

2020 in family law: Why cohabitants need legal reform

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Liberal Democrats proposed tax changes

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SNP manifesto – one goal in mind

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Labour's plans for Corporate Governance

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End of the line for Entrepreneur's Relief?

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Liberal Democrats on employment and employment rights

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Labour on employment and employment rights

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Conservatives on employment and employment rights

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UK Election 2019: Looking at income tax and capital gains tax

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What does the election mean for IR35 and the self-employed?

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Labour's 'Fair Tax Programme' - a second sting in the tail

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Why the election matters to those outside the UK

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Conservative election manifesto – still a low-tax approach?

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Am I UK resident? The statutory residence test explained

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Labour's election manifesto – their tax policies explained

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UK General Election - your top questions answered

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Liberal Democrat and SNP tax policies – what to expect?

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Labour party tax policies – what can you expect?

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BPR on AIM shares - will it survive the election?

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A key question for corporates during this election: What are the implications going to be for Brexit?

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UK election 2019: Our wish list for family law

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If you feel like opting out, Employee Ownership Trusts could be the solution

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Conservative tax policies – what can you expect?

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UK Election 2019: Can you prepare now for potential future changes?

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Please note, that the following odds for some of the parties policies have been suggested by our team and are purely fictional.


Labour party

3/1

Cut in the nil rate band to £125,000

33/1

Abolition of inheritance tax

10/1

Repeal of the pasty tax

1/20

Abolition of the remittance basis


40/1

Introduction of a passport based tax

1/50

Increase in income tax rates

2/1

Increase in capital gains tax rates

5/1

Property based wealth tax


10/1

Penal tax on second homes

6/1

Replacement of inheritance tax with a lifetime gift tax

Conservative party

4/1

Increase in the nil rate band to £1 million

25/1

Abolition of inheritance tax

100/1

Shifting the burden of SDLT to the seller

15/1

Reduction in SDLT rates for all buyers


2/1

Reduction in SDLT rates for first time buyers

9/1

Reduction in income tax rates

3/1

Increase in income tax thresholds

Liberal democrat party

2/1

Aligning income and capital gains tax rates

4/1

Restricting pension contributions

5/1

Abolishing business property relief for AIM shares

6/1

Replacement of inheritance tax with a lifetime gift tax


3/1

Increasing all income tax rates by 1%

15/1

Frequent flyer tax

4/1

VAT on sales of cannabis

8/1

Mansion tax

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