What do we already know about the Tory government's tax pledges and where might George Osborne surprise us?

With the unexpected result of the election behind us, it is certainly worth considering what tax changes we can be expected in the majority Conservative government's emergency budget.

Those with high value properties are likely to be breathing a sigh of relief, as well as many that were concerned that the income tax rate would increase to 50 per cent. Meanwhile there were many commitments that will help those with lower incomes.

The Queen's Speech revealed little beyond what we know regarding taxes, so we wait to see what the budget on 8 July will bring. In the meantime, there are some areas of tax that we know will change ove...

Jean-Yves Gilg
Solicitors Journal

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