More over-65s pay additional-rate income tax
37,000 people paid tax at 45% in 2018/19.
37,000 people paid tax at 45% in 2018/19.
Final period exemption for private residence relief will reduce to nine months.
Lenders’ trade body says Government should halt further measures.
Recommends reducing seven-year period to five years.
Tapered allowance applies to individuals earning over £150,000.