Highlights from the Spring StatementThe first Spring Statement heralds the ‘light at the end of the tunnel'. The Chancellor Philip Hammond has presented his first Spring Statement, with something of a spring in his step. Read more Please do get in touch if you would like to discuss the impact of any changes outlined in these Spring Statement Highlights on you and your business. We would be delighted to hear from you. Business and investment measures announcedAlthough the Spring Statement is not intended to be a major fiscal event, the Chancellor did announce some business and investment measures.
The new stamp duty regimeIn the 2017 Autumn Budget, Chancellor Philip Hammond unveiled a new exemption from stamp duty land tax (SDLT) for first-time homebuyers in England, Wales (until 1 April 2018) and Northern Ireland. From 22 November 2017, most first-time buyers paying £300,000 or less for a residential property are no longer required to pay SDLT. Wales has no plans to introduce a relief from LTT for first-time buyers. Read more Other key changes for 2018/19A number of other key changes are coming into effect during 2018, which may have an impact on your business and personal finances.
|