Deprecated: mysql_connect(): The mysql extension is deprecated and will be removed in the future: use mysqli or PDO instead in /home/sites/westwaters.co.uk/public_html/framework/lib/sddb.class.php on line 166 Deprecated: mysql_connect(): The mysql extension is deprecated and will be removed in the future: use mysqli or PDO instead in /home/sites/westwaters.co.uk/public_html/framework/lib/sddb.class.php on line 166
Deprecated: mysql_connect(): The mysql extension is deprecated and will be removed in the future: use mysqli or PDO instead in /home/sites/westwaters.co.uk/public_html/framework/lib/sddb.class.php on line 166 Deprecated: mysql_connect(): The mysql extension is deprecated and will be removed in the future: use mysqli or PDO instead in /home/sites/westwaters.co.uk/public_html/framework/lib/sddb.class.php on line 166On Wednesday 3 December the Office for Budget Responsibility published its updated forecast for the UK economy. Chancellor George Osborne responded to that forecast in a statement to the House of Commons later on that day.
His speech and the subsequent documentation announced tax measures in addition to the normal economic measures.
Our summary concentrates on the tax measures which include:
improvements to the starting rate of tax for savings income
new rules for accessing pension funds
removal of corporation tax relief for goodwill on incorporation
changes to the Construction Industry Scheme
the introduction of new CGT rules for non-residents and UK residential property
changes to the remittance basis charge for resident non-domiciles
changes to the tax treatment of pensions on death
changes to the IHT treatment of trusts
changes to Stamp Duty Land Tax for residential property.
Read the full Autumn Statement
For any further advise on any the changes, call us to arrange a free initial discussion with senior partner, John Galley.
How can we help?
We are a proactive firm of accountants who can assist you in all your financial needs in a friendly, efficient and professional manner.
Building partnerships, listening to your needs, and implementing a solid financial strategy is the backbone of our practice.
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