The Capital Gains Tax allowance has gone up slightly – from £10,600 to £10,900.
The Inheritance Tax Threshold remains at £325,000. The Cash ISA (Individual
Savings Account) annual maximum has increased from £5,640 to £5,760. A
Stocks and Shares ISA in 2014 can have £5,760 put in it as well, so the total
ISA allowance is £11,520. The Stamp Duty Tax on property purchase remains
the same as last year with those purchasing a property for over £2,000,000 suffering
an eye-watering 7% tax (£140,000 on a £2,000,001 purchase).
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