Significant Change to Personal Tax Reliefs
Government Quietly Confirms Significant Change to Personal Tax Reliefs
Government Quietly Confirms Significant Change to Personal Tax Reliefs
Autumn Budget 2025: A Tax System Redrawn. While some adjustments take effect straight away, many of the most significant reforms are scheduled over the next few years, creating a long runway for households and businesses to prepare.
Can Flipping Properties Create an Unexpected Tax Bill?
Turning a renovation project into a tidy profit sounds tempting but without the right planning, your property “flip” could attract an unwelcome tax bill.
On 26 March 2025, Chancellor Rachel Reeves presented her Spring Statement to parliament. Despite a backdrop of low economic growth and increasing government borrowing costs, the Chancellor remains committed to her ‘non-negotiable’ fiscal rules that aim to bring stability to the economy and security for working people. With further borrowing ruled out and a determination not to announce further tax changes, her focus has been on government spending, a review of which will be announced on 11 June 2025. This will allocate government spending for the three years from 2026/27 to 2028/29.