The Official Budget 2021 thread

[AtW]

Looks like no CGT alignment with income tax

[AtW]

Even if it doesn't, 250k is a tiny business.

Would have made more sense to phase in corp tax by 1% extra per year

Basically they won’t raise tulip so next Labour Govt will do CGT and other stuff

[d000hg]

Even if it doesn't, 250k is a tiny business.

It's designed not to penalise family companies who use profit as 'salary', I guess.

[jamesbrown]

Looks like no CGT alignment with income tax

That's for the autumn. Briefings were pretty clear about that. Next budget will be CGT and pensions, pretty much guaranteed.

[AtW]

That's for the autumn. Briefings were pretty clear about that. Next budget will be CGT and pensions, pretty much guaranteed.

Ah fook, yes

He is total twat for that

[jamesbrown]

It's designed not to penalise family companies who use profit as 'salary', I guess.

Indeed, think of corner shops. The carve out is targeted at corner shops and definitely not us. We'll be paying 25% or pretty close to it (as AtW says, the taper will be rapid).

[Whorty]

Compared to the alternatives, seems like it. If you look at things dispassionately rather than only if you will end up better off. Got to get the money somewhere.

This .....

Got to tax you one man band companies to fund my stamp duty holiday cash


Of course, when I go back contracting then I'll be well miffed

[vetran]

roll up roll up gamble yer pension here.

[vetran]

Even if it doesn't, 250k is a tiny business.

lots of tiny businesses out there, its profit not turnover.

https://www.statista.com/statistics/...terprise-size/

[Unix]

No ir35 mentioned, looks like it's been dropped.