With an election around the corner the Pre-Budget report outcome is difficult to judge. We already know about increases in employer and employee National Insurance, restrictions on higher rate pension relief and the draconian 50% Income Tax rate for high earners from April 2010. Most worryingly for the UK Property Owner is what lays ahead for the future of Principle of Private Lettings Relief, which exempts gains on the family home, given the prominence this relief has received in recent press reports. Not to mention the 18% Capital Gains Tax which is a sitting target if ever there was one.

Difficult to second guess the Pre-Budget this year. What do you think?