Below you'll find a list of all posts that have been tagged as “Autumn Budget 24”
CGT on residential property unchanged Chancellor Rachel Reeves has raised the lower rate of capital gains tax (CGT) from 10% to 18%, and the higher rate of CGT from 20% to 24%. The rises introduced by the chancellor are up from 10% and 20% for the lower and higher rates, respectively. In her Autumn Budget today (30 October), Reeves said …
Autumn Budget 24: Inherited pensions to face IHT from 2027 Impacting wealth transfer efficiency and legacy planning Pensions passed on will be subject to inheritance tax (IHT) from 2027, Rachel Reeves has confirmed in today’s (30 October) Budget. Pensions are currently exempt from IHT and not classed as part of an estate when someone passes away. “We will close the …
