Alliotts’ expert panel takes an inside look at the Autumn Budget
Clients joined us in our London and Guildford offices yesterday to hear our team dig deep on the Budget announcements
1 Nov 2024
Yesterday we welcomed clients to our London and Guildford offices to hear our tax experts give an ‘inside look’ at the previous day’s Budget and the implications for individuals and businesses.
Amid several weeks of rumours. speculation and leaks it was apparent that this was going to be a pivotal Budget and that people would have many questions about the announcements. This is why we felt it was important to invite clients to our offices to hear our insights and to answer any client concerns about the changes.
Our team of tax experts David Gibbs (international and corporate tax planning), Clair Dart (corporate tax advisory and tax reliefs) and Sarah Messruther (private client advisory) covered the full range of the implications of the announcements for individuals and businesses.
Our moderators, Sudheer Gupta in London and Steve Meredith in Guildford navigated the panel through the announcements and drew out commentary on the key areas. Our experts also shared some of the details that weren’t so apparent at a first look.
L-R Moderator Sudheer Gupta and the panel, Sarah Messruther, David Gibbs and Clair Dart in the London office
L-R Moderator Steve Meredith, and the panel in the Guildford office
The panel answered a wide range of questions from the floor, most centred on BADR and investors relief, non dom, pensions, CGT and IHT.
If you’d like to read about the changes that were announced please see our easy to digest, downloadable summary of the budget announcements
Contact us if you have any questions on how you are affected by the Budget
Self-employed people and landlords with an income between £20,000 and £30,000 will be required to use Making Tax Digital (MTD) from 6 April 2028. This will bring a further 900,000 low-income taxpayers under the MTD regime.
With basic rate taxpayers now facing doubling capital gains tax (CGT) rates, and with the exempt amount a quarter of its previous level, it is no surprise that considerably more CGT is being paid to HMRC.