Commercial Newsletter
We are delighted to welcome you to this year’s Commercial Newsletter, keeping you up to date with the latest developments in accounting, tax, and business advisory services.
News & Insights
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Agricultural Newsletter
We are delighted to welcome you to this year’s Agricultural Newsletter, where we bring you the latest updates on accounting, tax, and business planning tailored to the farming and rural sector.
Changes to Inheritance Tax Rules
Update clarifying a few points regarding the changes to Inheritance Tax rules notified in the budget on 30th October 2024
Clarification of new Inheritance Tax Reliefs and Rules
The £1m exemption applies to each person. Ensuring Wills leave assets down to the next generation or into trust can be useful to use the £1m 100% relief.
The Autumn Budget 2024
In the Budget delivered on 30th October the Chancellor announced various measures to raise increased tax revenue
Abolition Of Furnished Holiday Let Regime
HMRC have issued a policy paper confirming that the current tax treatment of furnished holiday lets will cease from 6th April, 2025 with draft legislation published accordingly.
Holiday Letting Properties
With holiday letting properties not qualifying as trading assets for Capital Gains Tax purposes post 5th April, 2025 consider the following…
Environmental Land Management Update
In the Budget on 6th March it was confirmed that land that is in an Environmental Land Management scheme will qualify for Agricultural Property Relief (APR) for Inheritance Tax (IHT) purposes on lifetime or death transfers that occur on or after 6th April, 2025.
Budget Summary Spring 2024
In the Budget delivered on 6th March the Chancellor announced various tax cutting measures while at the same time abolishing the furnished holiday let tax regime.