Buzzacott, a key sponsor of Informed Funding, have put together a comprehensive guide to the 2015 Summer Budget that answers how the 2015 Summer Budget will affect you.

"Given the pace of change within the UK tax legislation that we are all growing painfully accustomed to and its ever increasing complexity, the Summer Budget 2015 presented by the Chancellor on 8 July 2015 appeared to maintain the desire to add even more complexity to the system.

From the potentially very complex changes that will be required for UK property held through offshore companies and the introduction of a new ‘deemed UK domicile’ for “non-doms” through to the introduction of a new unusual tax rate for dividends at 38.1%, it would appear that advising on UK tax is going to be an ever more complex task and certainly not accessible to the average taxpayer. Even the ‘jewel in the crown’ Inheritance Tax allowance for an individual’s house has unnecessary complexity to it.

Pensions are being changed (yet again), “non-doms” will be potentially very heavily hit and those with UK residential property need to consider the potential impact of a restriction of interest relief."

To see Buzzacott's full review of the Summer 2015 Budget, see their page .