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Guides & Publications7 Mar 2024
In what was widely expected to be Mr Hunt’s final Budget ahead of an election, speculation in the final run up focused on the trade-offs that might be required around cutting taxes and meeting both fiscal rules and spending commitments. Ultimately the Chancellor had it both ways, with some headline grabbing measures aimed at easing the tax burden on earners and families, while also introducing some tax increases to cover their costs.
Articles6 Mar 2024
As news continues to filter out on this unexpected announcement in today's Budget and we look for more detail, this is what we know so far
Articles6 Mar 2024
The general rule for executors is that they must pay any IHT due at the end of the 6th month after the date of the death of the person who is leaving a valuable estate (more than £325,000). If the... Read more
Articles6 Mar 2024
Chancellor Jeremy Hunt has announced in his spring 2024 budget that from 6 April 2024 the higher rate of Capital Gains Tax (CGT) on property disposals will be cut from 28% to 24%. Jeremy Hunt claims that this will bring... Read more
Articles6 Mar 2024
The current rules Furnished Holiday Lettings (FHLs) have sprouted like mushrooms up and down the country (not to mention the meteoric rise of Airbnb), replacing traditional buy-to-let properties. They differ from buy-to-lets in that they have their own set of... Read more
Articles6 Mar 2024
You may have read my previous article analysing the high-income child benefit charge and its impact for parents. In today’s Spring Budget, Jeremy Hunt recognised that there was an unfairness in the charge, such that two parents with an income... Read more
Articles6 Mar 2024
Finally, Jeremy Hunt announced an increase in the registration threshold for compulsory registration for VAT. The current £85,000 threshold has been in place since 1 April 2017 and today it was announced that that it will increase to £90,000 from... Read more
Articles6 Mar 2024
A consultation was announced in the Budget today proposing the introduction of a new crypto asset Reporting framework (“CARF”). The new standard addresses tax non-compliance through the use of crypto assets and is being legislated alongside an update to the... Read more