- Inheritance tax thresholds will be maintained at their current levels for a further two years until April 2028. These are a nil rate band of £325,000 and a residence nil rate band of £175,000.
18 November 2022
The Chancellor of the Exchequer, Jeremy Hunt, has announced his Autumn Statement which includes tax rises and spending cuts. Here we summarise the key changes affecting inheritance tax, property tax and personal tax.
Stamp Duty Land Tax ("SDLT")
In the mini budget in September 2022 some SDLT thresholds were increased. These have not changed meaning that:
Capital Gains Tax
Online Sales Tax ('OST')
Tackling Tax Avoidance and Evasion
Additional staff will be employed to enable HMRC to deal with more cases of serious tax fraud and address tax compliance risks among wealthy taxpayers.