The UK Treasury's taxing situation

Hornbuckle Mitchell's Mary Stewart examines the government's revamp of the tax relief system and the implications this could have for property investors

The treasury neatly sidestepped a potential investment disaster for many of Britain’s wealth creators when it unveiled its proposed revamp of the tax relief system last month. Its original consultation document put forward the idea of reducing the annual allowance for tax-relieved pension saving to £30,000, a move that would have made it much trickier for entrepreneurs and directors of small and medium-sized enterprises to bulk up their pension to a big enough size to allow them to buy their own businesses premises. With some prodding from SIPP providers whose clients have enjoyed sol...