Key points from the chancellors budget 2012, with our focus on property…
- The top income tax rate will be reduced to 45% from April next year
- The stamp duty rate on properties worth more than £2m via companies will be raised to 15%
- Labour leader Ed Miliband says millions of people will be paying more, while millionaires pay less
- Mr Miliband says there is a tax rise for pensioners “hidden” in the details of the Budget
- The point at which people start paying income tax will be raised to £9,205 from next April
- A single tier pension, at a minimum of £140, will be set