Labour government budget October 2024

Look to the 7 year rule being abolished and all gifts to children being taxed.

This will include children’s pocket money, surely the ultimate unearned income; they don’t even tidy their rooms anymore.

Look forward to a 30% withholding tax and the need to file an annual tax return for your children as soon as they start receiving pocket money.

Be reasonable. Someone has to pay for new cellphones for illegal immigrants.

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