Changes to Capital taxes were announced in the Spring Budget on 6 March 2024. These included changes to Capital Gains Tax rates, CGT annual exemption, Inheritance Tax nil rate bands, as well as modifications to Agricultural Property Relief and Woodlands Relief
In the Autumn Budget 2022, there were some updates on Capital Gains Tax, Inheritance Tax, and Stamp Duty Land Tax. Below is a summary for each of these areas.
The Capital Gains Tax (CGT) and Inheritance tax (IHT) thresholds have been frozen until April 2026. In this article, we summarise what you need to know about both these taxes.
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When you first start a business, your focus is usually on attracting customers, generating sales and building a successful company. Few business owners spend much time thinking about how or when they will eventually leave the business.
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