Summary
PENSIONS
GORDON Brown yesterday dealt retirement savers a bitter blow when he scrapped plans to offer tax relief on residential property purchases in an 11th-hour U-turn on pensions reform.See the full content of this document
Extract
Brown Slams Door On Second Homes Boost for Pensions
Scores of investors have been gearing up to buy residential property and other more exotic assets - such as fine wines, classic cars and works of art - with their pension pots, with the promise of tax relief meaning that higher-rate taxpayers could buy a GBP 100,000 property or painting for as little as GBP 60,000.
But the Pre-Bud...See the full content of this document
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