Edward Reed and Emma Critchley (Macfarlanes) recap the key private clients announcements in the Spring Budget, and they report some interesting procedural points when challenging HMRC enquiries.
The Spring Budget 2024
On 6 March the Chancellor presented his second Budget. Despite recent warnings from the Institute for Fiscal Studies that ‘the economic case for tax cuts ... is weak’ with a general election on the horizon the Chancellor focused on a number of measures intended to differentiate his approach from that of Labour. As readers will know one of the headline announcements was to make further cuts to the rates of NICs. Of course any reduction in tax needs to be funded so the Chancellor also announced various revenue-raising measures. Key points include the following.
CGT rate on disposals of residential property
Currently unless PPR relief applies residential property gains (along with...
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Edward Reed and Emma Critchley (Macfarlanes) recap the key private clients announcements in the Spring Budget, and they report some interesting procedural points when challenging HMRC enquiries.
The Spring Budget 2024
On 6 March the Chancellor presented his second Budget. Despite recent warnings from the Institute for Fiscal Studies that ‘the economic case for tax cuts ... is weak’ with a general election on the horizon the Chancellor focused on a number of measures intended to differentiate his approach from that of Labour. As readers will know one of the headline announcements was to make further cuts to the rates of NICs. Of course any reduction in tax needs to be funded so the Chancellor also announced various revenue-raising measures. Key points include the following.
CGT rate on disposals of residential property
Currently unless PPR relief applies residential property gains (along with...
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:
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