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

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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.

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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.

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By Jonathan York

13th November 2024

Options to explore for farm businesses following Autumn Budget

While the Autumn Budget 2024 will have come as a seismic shock to many farming businesses, it’s important to take the time to properly digest the announcements, take the appropriate advice, and consider the alternatives.

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By Keith Johnston

8th November 2024

Furnished holiday let changes: options for FHL disposal

With the Furnished Holiday Let (FHL) regime set to be abolished from April 2025, and the detail of the changes and draft legislation now published, holiday lettings owners can look at their options. If you are planning to dispose of your furnished holiday let, you will need to consider various factors that will impact your tax liability.

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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.

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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.

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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.

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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.

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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.

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By Nicki Hutchinson

25th October 2024

What farming costs can be classed as business expenses?

Expenses necessary to operate a farm are generally deductible business expenses, however it’s important to know what costs are allowable and those that are not.  

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