The current economic picture – with downgraded growth forecasts, increased government borrowing costs and global uncertainty around tariffs and conflicts – is filled with uncertainty. As well as halving their growth forecast for this year to one per cent, the Office for Budget Responsibility (OBR) has also predicted inflation will average 3.2 per cent. US […]
April will see the government’s decision to abolish the Furnished Holiday Lettings (FHL) regime put into force. The move removes a longstanding tax advantage that treated qualifying holiday lets as trading rather than investment properties. From April 6 2025, holiday let owners will see their properties aligned with standard residential lettings for tax purposes. Profits […]
The government is being urged to make good on its statements that growth is its number one priority and to think again about its inheritance tax plans. The Federation of Small Businesses (FSB) says support for small firms must be at the core of the three strategies which will be unveiled this spring: the Industrial […]
As predicted Rachel Reeves hiked Capital Gains Tax (CGT) – however the changes she announced were less drastic than many had feared. CGT is tax on any profits or gains you make when you dispose of an asset. Assets not only apply to the sale or exit of business but can also apply to the […]
Eight sectors have been selected as the focus of the new government’s ‘modern’ industrial strategy which has been widely welcomed by business leaders. The aim is to create a “pro-business environment” and play to the UK’s strengths, with the focus on growth driving sectors including creative industries and financial services. Business secretary Jonathan Reynolds has […]
Investors and entrepreneurs have warned Britain will lose fast-growing startups if the government raises capital gains tax (CGT) in its October budget. CGT is tax on any profits or gains you make when you dispose of an asset. Assets not only apply to the sale or exit of business but can also apply to the […]
