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UK Pre-Budget 2005 - Personal finance

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Set-back for buy-to-let pension plans

Investors’ plans to purchase buy-to-let property or holiday homes with their pensions were dashed by the announcement that residential property will not attract the tax perks of pensions.

Plans to increase stocks of affordable homes

Gordon Brown pledged to help more people on to the housing ladder with a raft of measures designed to help key workers and increase the supply of new homes.

New rules to clamp down on tax avoidance by wealthy

The pre-Budget small print revealed several hard-hitting new rules to clamp down on sophisticated tax avoidance by very wealthy individuals.