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Highlighting capital gains tax and inheritance tax.
The capital gains tax annual exempt amount will be reduced from £6,000 to £3,000 from April 2024.
Comment It is estimated that around 570,000 individuals and trusts could be affected in 2024/25.
It is estimated that around 570,000 individuals and trusts could be affected in 2024/25.
The inheritance tax nil-rate bands will stay fixed at their current levels until April 2028. The nil-rate band will continue at £325,000, the residence nil-rate band will continue at £175,000 and the residence nil-rate band taper will continue to start at £2 million.
The Bank of England has cut interest rates from 4% to 3.75%, bringing the cost of borrowing down to its lowest level in nearly three years.
The UK will bring cryptocurrencies, including Bitcoin, into a regulatory framework, with legislation due by 2027.
UK inflation fell by more than expected in November amid a slowdown in food prices, according to the latest data from the Office for National Statistics (ONS).