The Budget: what does it mean for me?

The Budget: what does it mean for me?

HWB Chartered Accountants HWB Chartered Accountants

HWB Chartered Accountants

Leading accountants in Southampton and across Hampshire | Experienced and trusted business advisers.

发布日期: 2024年10月31日
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Sales

  • No changes to the rates of CGT on UK residential property disposals, gains will remain taxable at 18% in the basic rate band and 24% above this.
  • Sales of commercial property on or after 30th October 2024 will now also be at these rates (which replace the previous 10% and 20% lower and main rates of CGT).

Acquisitions

  • Future acquisitions will suffer a 5% SDLT surcharge (an increase of 2% on the previous surcharge), for purchases made on or after 31st October 2024, assuming the landlord already owns another property.

Taxation of profits

  • No changes to the Income Tax rates on rental profits.
  • The rates and thresholds of Income Tax will remain frozen until April 2028, when they will rise in line with inflation.

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