Autumn Budget 2024
On 30 October, the Chancellor of the Exchequer, Rachel Reeves, delivered the Autumn Budget, announcing £40bn of tax rises and an agenda for growth. The first Budget from the new Labour government, and the first ever from a female Chancellor, includes immediate increases in CGT; a significant restriction on inheritance tax relief for business and agricultural property, and further detail on the major reforms to non-domiciled taxation. In this bulletin, we summarise the key announcements and their potential impact on our clients, covering three main areas of interest.
Below we set out a series of notes that address Property and Corporate Taxation; Non-Domicile Taxation; and Private Client Taxation.
These note are intended to serve as an initial reference point for recent developments in tax and law. They should not be considered a substitute for professional advice. If you have any questions or would like further information, please contact your usual Boodle Hatfield lawyer.
Click on each box to read the note in full
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The focus for us has, and always will be, to provide clear and pragmatic advice that factors in the fast pace of change in the world of private wealth.
