Taxation of state pension
The state pension is liable to income tax, though pensioners are unlikely to pay tax in practice if their only income is the state pension.
Documents to download
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Capital gains tax : the 2008 reforms (217 KB , PDF)
In the 2008 Budget the Labour Government introduced a major reform to capital gains tax, introducing a new single rate of tax set at 18%, and withdrawing ‘taper relief’, which had been designed to encourage longer-term investment in business assets. This note examines the background to this reform.
Documents to download
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Capital gains tax : the 2008 reforms (217 KB , PDF)
Related posts
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Income tax allowances for married couples
This briefing discusses the two income tax allowances that married couples and civil partners may be entitled to claim.
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VAT and Churches
Construction work to repair buildings, including historic churches, is charged VAT at the 20% standard rate. The Listed Places of Worship Grant Scheme provides grants to mitigate the VAT costs for these repairs.
