Article Index
Budget 2008
Income Tax Rates
Personal Allowances
Taxation of Dividends
Enterprise Investment Scheme (EIS)
Venture Capital Trusts (VCT)
Individual Savings Accounts (ISA)
Child Trust Fund
Registered Pension Schemes
Other Personal Income Tax Reliefs
Gifts to Charities
Capital Gains Tax
Non-UK Domiciles
Pre-owned Assets Charge
Inheritance Tax
Benefits in Kind
Key Reliefs for All Employees
Advisory Fuel Rates for Company Cars
Tax free Approved Mileage Rates
Approved Employee Share Schemes
National Insurance Contributions (NIC)
Corporation Tax
Capital Allowances and Reliefs
Corporate Capital Gains
Corporate Venturing Scheme (CVS)
Construction Industry Scheme
Agricultural Related Income Tax Matters
Value Added Tax
Landfill Tax
Insurance Premium Tax
Aggregates Levy
Climate Change Levy
Correction of Errors
Stamp Duty
Stamp Duty Land Tax
Stamp Key Dates for Payment of Tax
Key Filing Dates

Page 14 of 37

Budget 2008

Pre owned assets charge

Annual income tax charge where individual continues to enjoy gifted property.
Applies to:
- land
- chattels
- intangible assets held by the trustees of settlor interested trusts.
Calculation of charge complex with valuations required.
Possible to elect out of charge in certain circumstances.

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