MLA calls for stamp duty and income tax powers for NI Assembly

Basil McCrea, the leader of the NI21 party, has once again brought the devolution of tax powers to the Northern Ireland Assembly debate into the spotlight, as he says his party would push for control to vary income tax and stamp duty tax, as well as other non-specified powers.

Mr McCrea was speaking in Belfast at the first annual conference of the NI21 party, and said that the government needed access to powers to vary tax in order to be able to provide "strategic direction" to the government, by the use of "appropriate tax regimes".

Stamp duty tax has seemingly caught the attention of politicians in Northern Ireland and the rest of the UK, with a group of Conservative MPs also proposing a change to the current stamp duty system so that properties under £500,000 would not incur any tax for purchasers.

If you require any advice in respect of income tax, inheritance tax, capital gains tax, or general tax planning from a specialist in Northern Ireland, contact Wilson Nesbitt in Belfast by calling 0800 840 9288.

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