Posted on 17th November 2022 at 13:30
.... and so it continues ...
The (current) Chancellor, Jeremy Hunt, today presented the Autumn Statement.
Some of the tax changes, of particular note for property owners, as follows;
Stamp Duty cuts, announced in September, will now end on March 31st 2025.
Jeremy Hunt said “This is to help the jobs and firms that rely on the housing market through the current challenges, while strengthening the public finances in the longer term.”
Capital Gains Tax annual exemptions to be slashed from £12,300 to £6,000 in 2023—2024, and then slashed again to £3,000 in 2024-2025
Anyone planning on selling in the next 2 years or so, may now be forced to sell before April 2023 to maximise CGT allowances.
The full Autumn Budget Statement can be viewed here > https://www.gov.uk/government/publications/autumn-statement-2022-documents
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