Entrepreneurs’ Relief changes – Budget 2018

In the lead up to every Budget day there is always some debate about whether or not the Chancellor of the day will change the CGT regime in respect of business assets that has (usually) given rise to a 10% rate. For a long time that was ‘business asset taper relief’,...

There’s no place like home – changes to PPR Relief

A common misconception is that it is possible to sell your home and for that not to be fully exempt from capital gains tax. There are a number of circumstances where this may be the case. The Budget introduced the tightening of two common extensions to the relief...

Brexit & the Budget

Brexit negotiations have had a quiet few days in the run-up to the Budget, with Westminster focused on what the Chancellor would say about the plans for leaving the European Union. And the answer was… well, not much really. At the weekend, Philip Hammond was at pains...

Freelancers – where are we now?

Last year the government transferred the burden of determining IR35 status from the freelancer to public sector bodies. As a result, we have seen many more freelancers being taxed as employees and some public body sector ‘employers’ treating all freelancers under the...

Budget 2018 overview – A traditional Budget

Monday 29 October has been a real trip down memory lane. As I try and get used to the clocks going back an hour, Philip Hammond seemed more intent on going back 56 years. The excitement of a first Monday Budget since April 1962 meant there were many historical...