The possibility that the Government might remove the dividend allowance to raise around £325 million a year in revenue, as well as axing inheritance tax relief for AIM shares and increasing dividend tax rates.

Click here to read the full article: Edward Fennell’s LEGAL DIARY – The Legal Diary

Basil’s comments have been published below with kind permission.

“Increasing taxes on shares would be damaging and is not going to fix the problems the UK economy faces.”

“Equally damaging is the sense of fiscal uncertainty that currently surrounds the Government. Each week brings seems to bring some new speculation about another tax increase. Last week it was a wealth tax. This week it is investment taxes and IHT (again).”

“What is needed is fiscal stability, not a constant drip-feeding of potential tax rises to test public opinion.”