ARTICLE · 16 OCTOBER 2024

Autumn Budget 2024: Potential Tax Changes

Lubbock Fine

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As we move towards the end of the year, all eyes are on the upcoming Autumn Budget from the Labour government. The Prime Minister's speech on 27 August described what would be a ‘painful' Budget due...

United KingdomTax

As we move towards the end of the year, all eyes are on the upcoming Autumn Budget from the Labour government. The Prime Minister's speech on 27 August described what would be a 'painful' Budget due to a '£20bn black hole' in public finances, sparking speculation about the potential tax changes that could affect your finances. While we can't predict exactly what the Chancellor will announce, we can plan ahead for what could be coming.

With possible hikes in capital gains tax and changes to various regime's, we highlight the areas you should be paying attention to as the Autumn Budget approaches.

Capital Gains Tax: Potential increases?

One of the focus areas of concern is capital gains tax (CGT). CGT is currently lower than income tax for many taxpayers, making it a potential target for reform.

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