Tax Breaks

Budget 2006 has had strong implications for tax breaks. Many are being terminated. Also, a new principle is being brought in whereby a tax payer must not be able to avoid all tax.

Please select:-

Tax Breaks
Transitional arrangements
Outlining arrangements that apply to tax breaks following on from the 2006 Budget. Tax Break Restrictions
Outlining restrictions that will apply when claiming big tax breaks.

Special Savings Accounts
Read about a scheme where the government will give you cash if you save. Employee Shares
Read the current situation with regards to employee share schemes.

"Green" Cars
Find out about a scheme whereby you could get a 50% refund of Vehicle Tax on the next car you purchase; extended after the budget for 2003. "Property Pointers"
Read about the rent-a-room scheme, stamp duty changes and rates, and other property points in this section.

Park-and-Ride Facilities
Read about this relief designed to relieve traffic congestion in urban areas. (2006: being phased out with possible replacement in the future) Film Incentives
Find out about income tax deductions on film investment.

Business Expansion Scheme
Describing income tax deductions allowable for investments in certain businesses. Convalescent Facilities
Details capital allowances available for convalescent facilities.

Hotels, Holiday Camps and Cottages
Describing tax deductions allowable for the tourist industry. (2006: being phased out) Student Accommodation
Explaining the Extension of Section 23 type relief to student accommodation (2006: being phased out)

Archive:
Investment Accounts - Now being phased out

Tax Breaks
Transitional arrangements Outlining arrangements that apply to tax breaks following on from the 2006 Budget.	Tax Break Restrictions Outlining restrictions that will apply when claiming big tax breaks.
Special Savings Accounts Read about a scheme where the government will give you cash if you save.	Employee Shares Read the current situation with regards to employee share schemes.
"Green" Cars Find out about a scheme whereby you could get a 50% refund of Vehicle Tax on the next car you purchase; extended after the budget for 2003.	"Property Pointers" Read about the rent-a-room scheme, stamp duty changes and rates, and other property points in this section.
Park-and-Ride Facilities Read about this relief designed to relieve traffic congestion in urban areas. (2006: being phased out with possible replacement in the future)	Film Incentives Find out about income tax deductions on film investment.
Business Expansion Scheme Describing income tax deductions allowable for investments in certain businesses.	Convalescent Facilities Details capital allowances available for convalescent facilities.
Hotels, Holiday Camps and Cottages Describing tax deductions allowable for the tourist industry. (2006: being phased out)	Student Accommodation Explaining the Extension of Section 23 type relief to student accommodation (2006: being phased out)