Rachel Reeves’ Budget 2024 Key Points
Implemented immediately Capital Gains Tax rates for disposals on or after 30 October 2024 rise from 10% to 18% (basic rate taxpayers) and 20% to 24% (higher rate taxpayers); the higher rate for residential property remains 24%; Lifetime limit for gains qualifying for...Death, taxes and now your pension?
With key changes announced for Inheritance Tax on pension pots and no increase to the nil-rate band, what does this mean for estate planning?
A scythe to APR and BPR
Reforms severely restricting Agricultural Property Relief (APR) and Business Property Relief (BPR), will come into effect from April 2026.
Capital Gains Tax rates get a new (but old) look!
In a nod to the past, the Chancellor has raised capital gains tax (CGT) rates from 31 October.