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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 Autumn Budget will be a 'pivotal moment' for the new Labour government as it aims for sustainable economic growth, says the Confederation of British Industry (CBI).
Chancellor Rachel Reeves must tackle barriers to growth in the Autumn Budget, says the Federation of Small Businesses (FSB).
The Institute for Fiscal Studies (IFS) has stated that there is a 'strong case' for reform of capital gains tax (CGT).