Autumn Budget: Overview

Chancellor Rachel Reeves, the country’s first female Chancellor, delivered the Autumn Budget today, which is the first from a Labour Government in 14 years. 

This Budget made significant changes to Inheritance Tax, which is likely to impact a significant number of tax payers. More people than ever before will be impacted by what is often seen as an unfair and unpopular tax. Taking advice has never been more important, especially with the announcements made that restrictions will apply on Agricultural and Business Property Relief and pensions will eventually be bought into the IHT regime.

In our Autumn Budget review, we cover everything the taxpayer needs to know, including the following topics: 

• Personal Tax, Capital Gains Tax and Inheritance Tax 

• Non Dom Reforms 

• Employment Taxes 

• Property and SDLT 

• Corporate, Business Taxes and VAT 

If you would like to understand more about how these changes affect you, or your business, please do contact a member of our team.  

Follow our updates on the Autumn Budget via our social channels using the hashtag #AutumnBudget2024.