Home
Autumn Budget Analysis: Find out how the budget will impact you

Latest News

By Russell Thwaites

15th November 2024

Double U-turn on Double Cab Pick Ups

Slipped into the main Autumn Budget document was the announcement that Double Cab Pick-ups (DCPU) will be treated a cars from 6 April 2025.

Read this post

By David Threlkeld

13th November 2024

Inheritance tax planning for farmers following Autumn Budget

Significant changes to Inheritance Tax (IHT) were announced in the Autumn Budget, however there are steps that can be taken in most cases to reduce or eliminate increased IHT liabilities.

Read this post

By Dan Cozens

5th November 2024

Capital Gains Tax and Inheritance Tax on agricultural land and farms

Selling or transferring agricultural land and farms can have significant tax implications, particularly concerning Capital Gains Tax (CGT) and Inheritance Tax (IHT). Given the changes announced in the Autumn Budget 2024, it is important to consider the current rates and the implication of future increases.

Read this post

By Keith Johnston

4th November 2024

10 pitfalls to avoid when applying Business Asset Rollover Relief

Business Asset Rollover Relief allows you to defer paying Capital Gains Tax (CGT) when selling land, buildings or fixed plant and machinery by purchasing a new qualifying asset. However, like many areas of tax, it is not that simple.

Read this post

By Keith Johnston

2nd November 2024

Furnished holiday letting tax incentives to end in 2025

Holiday let owners are set to lose favourable tax reliefs from April 2025 meaning all property income (FHLs and residential properties) will be treated the same.

Read this post

By Graham Poles

30th October 2024

Autumn Budget 2024: Capital taxes

The Chancellor delivered her long awaited first budget and with it has fundamentally changed the Inheritance Tax (IHT) reliefs that have existed for many years. As well as bringing more value into people’s estates through the inclusion of inherited pensions from April 2027, business and agricultural reliefs have also been reformed, making them less attractive.

Read this post

By Brian Rudkin

30th October 2024

Autumn Budget 2024: Employment tax changes and compliance

The main headline on employee taxation that was slipped into the official Budget documentation after the Chancellor’s speech, is the announcement that employer-provided Double-Cab Pickup Vehicles (DCPUs) over one tonne will no longer be taxed as company vans from 6 April 2025.

Read this post

By Justin Rourke

25th September 2024

Speculation mounting ahead of 2024 Autumn Budget

Ahead of Labour’s first budget, speculation in many news reports has gathered pace - suggesting that it could be especially grim -  and Rachel Reeves, Chancellor of the Exchequer, has now laid the groundwork to ensure we won’t be surprised by tax hikes. 

Read this post

By David Threlkeld

8th August 2024

Tax considerations for new farm buildings or extensions

When planning to build new farm buildings or extensions, it’s crucial to consider the tax implications and the capital allowances available. Proper planning can maximise tax relief and reduce the overall cost of the investment.

Read this post

By Jonathan York

9th July 2024

Uncertainty around tax treatment in relation to Biodiversity Net Gain

We hear a lot about Biodiversity Net Gain (BNG) but what is it and what might you need to be aware of?

Read this post

Enquiry Form

All content © 2020 Armstrong Watson. All Rights Reserved. Website by Simon Pighills.

Armstrong Watson LLP is a limited liability partnership registered in England and Wales, number OC415608. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU where a list of members is kept. Armstrong Watson LLP is regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities. Unless otherwise indicated, either expressly or by the context, we use the word “partner” to describe a member of Armstrong Watson LLP or an employee of Armstrong Watson LLP in their capacity as such.

Armstrong Watson Audit Limited is registered to carry out audit work in the UK by the Institute of Chartered Accountants in England and Wales. Registered as a limited company in England and Wales, number 8800970. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU. Armstrong Watson Audit is a trading style of Armstrong Watson Audit Limited.

Armstrong Watson Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. Firm reference number 542122. Registered as a limited company in England and Wales, number 7208672. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU. Armstrong Watson Financial Planning & Wealth Management is a trading style of Armstrong Watson Financial Planning Limited. Armstrong Watson Trustees Limited is a limited company registered in England and Wales, number 84495656. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU.

MyRetirement is a trading style of Armstrong Watson Financial Planning Limited.

Armstrong Watson is a trading style of Armstrong Watson LLP, Armstrong Watson Audit Limited and Armstrong Watson Financial Planning Limited.