Following the much anticipated first Labour government Budget click the link below for our Autumn 2024 Budget Summary.
As suspected, there are a number of tax rises and reforms but whether these achieve the lofty estimates of £40bn remains to be seen,. Whilst the feared capital gains tax rises were lower than anticipated there was little cheer in the overall package for many of our clients. The Budget also delivered a further blow to families through Inheritance Tax increases which will need consideration before April 2026 when the measures will come into play.
If you are affected by any of the announcements and want to discuss do get in touch.