The 2024 Autumn Budget introduced significant reforms to Inheritance Tax (IHT), particularly relating to Agricultural Property Relief (APR) and Business Property Relief (BPR). These changes, scheduled to take effect on 6 April 2026, represent a shift from the previously uncapped regime and could materially impact succession and estate planning. This note highlights the main legislative … Continued
Tax Insights
How COVID-19 is affecting developers liable to pay the Community Infrastructure Levy In the ten years since the Community Infrastructure Levy (“CIL”) was introduced, it has largely achieved its aim of making infrastructure contributions from new developments more transparent and predictable, as opposed to the rather more opaque process involved in negotiating the terms of … Continued
Companies that have shares with no dividend rights in issue may need to review their impact on the shareholdings of employees and directors and, if necessary, consider either their cancellation or conversion in the light of two recent decisions. In the…
The taxation of properties worth £500,000 – £2million owned by companies has been changed significantly by the budget of 19 March 2014. The changes mirror those already in operation for companies owning residential property worth £2m…
