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By Armstrong Watson

2nd November 2024

Furnished holiday letting tax incentives to end in 2025

Holiday let owners are set to lose favourable tax reliefs from April 2025 meaning all property income (FHLs and residential properties) will be treated the same.

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By Graham Poles

30th October 2024

Autumn Budget 2024: Capital taxes

The Chancellor delivered her long awaited first budget and with it has fundamentally changed the Inheritance Tax (IHT) reliefs that have existed for many years. As well as bringing more value into people’s estates through the inclusion of inherited pensions from April 2027, business and agricultural reliefs have also been reformed, making them less attractive.

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By Brian Rudkin

30th October 2024

Autumn Budget 2024: Employment tax changes and compliance

The main headline on employee taxation that was slipped into the official Budget documentation after the Chancellor’s speech, is the announcement that employer-provided Double-Cab Pickup Vehicles (DCPUs) over one tonne will no longer be taxed as company vans from 6 April 2025.

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By Justin Rourke

25th September 2024

Speculation mounting ahead of 2024 Autumn Budget

Ahead of Labour’s first budget, speculation in many news reports has gathered pace - suggesting that it could be especially grim -  and Rachel Reeves, Chancellor of the Exchequer, has now laid the groundwork to ensure we won’t be surprised by tax hikes. 

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By David Threlkeld

8th August 2024

Tax considerations for new farm buildings or extensions

When planning to build new farm buildings or extensions, it’s crucial to consider the tax implications and the capital allowances available. Proper planning can maximise tax relief and reduce the overall cost of the investment.

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By Jonathan York

9th July 2024

Uncertainty around tax treatment in relation to Biodiversity Net Gain

We hear a lot about Biodiversity Net Gain (BNG) but what is it and what might you need to be aware of?

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By Armstrong Watson

8th July 2024

Planning ahead when gifting land can bring tax benefits to landowners

It has been said many times that planning ahead is necessary to prevent unwanted tax liabilities arising, and this is especially true when it comes to gifting land, particularly if there is a change of use.

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By Graham Poles

5th July 2024

A new government: family wealth and Inheritance Tax (IHT)

Inheritance tax is one area that the new government may look to make changes. Graham Poles, Personal Tax Partner, considers what those changes may be.

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By Graham Poles

5th July 2024

A new government: succession and speculation over changes to CGT

One of the rumoured areas for change is to Capital Gains tax, here we look at how this might impact succession planning.

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By David Threlkeld

13th June 2024

Will Furnished Holiday Letting tax reliefs be abolished or not?

Holiday let owners braced for increased tax bills now face a period of uncertainty about when - and if – the favourable Furnished Holiday Letting regime will be axed.

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