Budget Highlights 15 July 2015 Share • New Inheritance tax allowance for main residence• Future cut in corporation tax to 18%• Annual Investment Allowance set at £200,000 from January 2016• Employment Allowance increased to £3,000 from April 2016• Personal Allowance to rise to £11,000 from April 2016• New National Living Wage from April 2016• Permanent non-dom status to be abolished from April 2017• Pensions tax relief annual allowance to be reduced from next year• New fiscal charter to commit Government to a budget surplusTo view our full Budget Report click here For further information or if you would like to discuss any of the points above please contact Mike Wakeford or your usual Moore (South) Partner.michael.wakeford@moorestephens.comTel: 01243 520618