Spring Budget 2020: Helpful Resources & Guides

Spring Budget 2020: Helpful Resources & Guides

On Wednesday 11 March, Sunak delivered his first Budget speech just 27 days after succeeding Sajid Javid as Chancellor. Missed the Budget speech or wanting to know more about how some of the new measures might affect you? Well, you’ve come to the right place as...
The case of the missing Budget

The case of the missing Budget

Sajid Javid was poised to deliver his first Budget on 6 November against a backdrop of constitutional crisis but, in late October, it was cancelled as Parliament voted in favour of holding the first December general election since 1923. In this special bulletin, we’ve...
Shared ownership – pleasant surprise for first time buyers

Shared ownership – pleasant surprise for first time buyers

Shared Ownership In a move which will come as a pleasant surprise to first time buyers of shared ownership homes, the Chancellor Philip Hammond announced that stamp duty on shared ownership homes which cost up to £500,000 is to be abolished from 29 October 2018. The...
Shared ownership – pleasant surprise for first time buyers

Unexpected changes to the capital gains tax regime

Capital Gains Tax – Residential Property – Budget 2018. In his final scheduled Budget before Brexit, the Chancellor Philip Hammond announced a couple of unexpected changes to the capital gains tax regime and reliefs which are currently available to owners of...
Annual investment allowance increase for capital allowances

Annual investment allowance increase for capital allowances

The amount of “up-front” tax relief which is available for capital expenditure on plant and machinery, equipment and fixtures and fittings (but not property assets) has been up and down like a yoyo for the last 4-5 years, and this year is no exception. Having reduced...
Annual investment allowance increase for capital allowances

Changes to capital gains tax entrepreneur’s relief

There were many predictions before this week’s Budget that the Government considered that the 10% capital gains tax rate that applies to the first £10m of gains made by entrepreneurs on business assets was too generous and would be reined in. As it happened, the rules...