Finance Act 2025 received royal assent on Thursday 20 March 2025.
The largest part of the Act covers the changes relating to non-domiciled individuals and the regime which replace the current provisions. This report will therefore primarily cover that legislation but it does include reference to all of the legislative measures introduced by the Act.
Note that many of the controversial announcements in the Autumn Budget are not included as part of this Act. Some such as the increase in secondary NICs will be dealt with through secondary legislation. Others such as the changes to Agricultural and Business Property Relief are subject to consultation before the exact parameters of the changes are known.
FA 2025 PART 1: INCOME TAX CAPITAL GAINS TAX AND CORPORATE TAXES
Income tax
There are no changes to the main rates of income...
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Finance Act 2025 received royal assent on Thursday 20 March 2025.
The largest part of the Act covers the changes relating to non-domiciled individuals and the regime which replace the current provisions. This report will therefore primarily cover that legislation but it does include reference to all of the legislative measures introduced by the Act.
Note that many of the controversial announcements in the Autumn Budget are not included as part of this Act. Some such as the increase in secondary NICs will be dealt with through secondary legislation. Others such as the changes to Agricultural and Business Property Relief are subject to consultation before the exact parameters of the changes are known.
FA 2025 PART 1: INCOME TAX CAPITAL GAINS TAX AND CORPORATE TAXES
Income tax
There are no changes to the main rates of income...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
