If you read our post of last week, Property Tax Changes, you will be aware that the Chancellor recently confirmed – as part of his Spring Budget – that the present tax advantages that owners of Furnished Holiday Let (FHL) property enjoy will be abolished from April 2025. While a deadline in a year’s time […]
Tag Archives: budget
28
Mar
Mar
The recent Spring Budget did little to make the life of those letting, buying or selling property any easier. For example: The reduction in the higher rate of CGT on affected property sales from 28% to 24%. The removal of multiple dwellings relief for Stamp Duty Land Tax purposes. These competing changes must make life […]
21
Mar
Mar
One of the more impactful changes in the recent budget was the easing of the High Income Child Benefit Charge. Up to 5 April 2024, this has been recovering Child Benefits received by parents if the total income of one or more parent exceeded £50,000. Basically, parents with income between £50,000 to £60,000 have had […]
12
Mar
Mar
We all knew that the Chancellor would have restricted options when considering the contents of his recent spring budget announcement on 6 March. But it seems he has the skills after all to “play tennis” with his arms tied behind his back… Would there be a combination of tax cuts and public expenditure cuts, or […]
Spring Budget 2024 Unveiled by Chancellor Jeremy Hunt – by Simon Wilkinson, Director, Botting & Co Overview of the Spring Budget 2024 Highlights The chancellor, Jeremy Hunt unveiled the Spring Budget 2024 in what is likely to be the last financial/fiscal event of this parliament before the next election, although is possible that there will […]
As expected, the Chancellor has found wriggle room in his fiscal rules that have allowed him to please his fellow Conservatives by reducing the impact of taxation. Not an unfamiliar tactic for a government in a general election year. The impact of tax changes announced are summarised below. Impact on personal finances […]
The Chancellor of the Exchequer, Jeremy Hunt has confirmed that the next UK Budget will take place on Wednesday, 6 March 2024. This will be the Chancellor’s second Budget and will include the government’s tax and spending plans as well as new growth and borrowing forecasts. Various pundits are suggesting that selecting a Budget date […]