A mini U-turn on Stamp Duty Land Tax
One of the few changes announced on 23 September that has not been reversed concerns the U-turn on Stamp Duty Land Tax (SDLT) in England and Northern Ireland. The starting threshold was increased from £125,000 to £250,000 (and, for First Time Buyers, from £300,000 to £425,000) from 23 September 2022.
However, it has now been announced that these are to be temporary changes and, from 1 April 2025, the thresholds will return to their original rates.
As previously announced and as we head into 2023;
- The £1million Annual Investment Allowance – giving 100% tax relief to businesses investing in qualifying plant and machinery – is now permanent.
- The Government is increasing the generosity and availability of certain Venture Capital Schemes, including the Seed Enterprise Investment Scheme for start-up companies.
And finally, in all matters, we are here to help you. Please do get in touch about any of the Autumn Statement measures or otherwise.
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