UK Election 2019
The 2019 UK election saw the Conservative party achieve their best electoral performance in several decades, securing a considerable majority in Parliament which will pave the way to delivering commitments made in their manifesto.
One of the greatest benefits is considered the stability and consistency in policymaking that a single party with a significant majority and a five year team in government can now bring.
Whilst we wait to hear what will be in the Government’s next budget, which they have promised to deliver in their first 100 days of power and will be a “post-Brexit Budget”, many are asking the practical questions about how to look forward and plan in light of their manifesto promises. We can help you look forward and plan your tax affairs sensibly so that you are protected for whatever future developments occur.
This page also includes links to a number of articles and videos that we published during the lead up to the election.
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
