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Highlighting capital gains tax and inheritance tax.
The capital gains tax annual exempt amount will be reduced from £6,000 to £3,000 from April 2024.
Comment It is estimated that around 570,000 individuals and trusts could be affected in 2024/25.
It is estimated that around 570,000 individuals and trusts could be affected in 2024/25.
The inheritance tax nil-rate bands will stay fixed at their current levels until April 2028. The nil-rate band will continue at £325,000, the residence nil-rate band will continue at £175,000 and the residence nil-rate band taper will continue to start at £2 million.
10 May 2024
The UK economy grew by 0.6% between January and March, according to figures from the Office for National Statistics (ONS).
09 May 2024
Almost 300,000 self assessment taxpayers filed their return in the first week of the new tax year, HMRC has revealed.