Tax rises this year reflect cumulative Budget decisions, Dan Neidle notes

Tax rises this year reflect cumulative Budget decisions, Dan Neidle notes
Tax impact driven by five Budgets

Dan Neidle said taxes have been rising since 2021, with the extra amounts people are paying this year being the cumulative result of five successive Budgets overseen by three different Chancellors.

Neidle emphasized the importance of not viewing Budgets in isolation, referencing a chart that shows responsibility for these increases.

Neidle previously argued that aligning capital gains tax rates has become significantly more challenging over the past two years due to expected short-term revenue impacts, as detailed in CGT reform discussions. He also assessed the effect of Conservative inheritance tax changes on homeowners, outlining a £400k increase in IHT for those downsizing from £2m to £1m properties in his analysis of IHT policy for downsizers. Both issues contribute to ongoing debates over fiscal policy and tax burdens.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.