• Type: Publication series
  • Date: 7/31/2014

Gibraltar – Healthy Government Finances Bring Positive Measures for Taxpayers 

The recently announced Gibraltar Budget contains measures affecting individuals such as lower income tax rates, a higher exemption threshold for paying income tax, increased allowances, and a rise in deductions. And from July 1, 2014, there will be a deduction from assessable income of £6,000 for approved expenditures incurred by first-time home-buyers towards the purchase of a home and an increased deduction from income of £1,200 per annum in respect of contributions made by taxpayers to approved pension schemes.


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