A widening shortfall in public finances: Will businesses or taxpayers bear the burden in the Autumn Budget?
Original Article Summary
Graeme Hills, head of tax at Duncan & Toplis With little over a month until the Autumn Budget lands, businesses across the UK are no doubt braced for difficult decisions. Mounting fiscal pressure and strained public finances mean that further belt-tightening is an especially uncomfortable outlook. But it’s one that seems as inevitable as it […] The post A widening shortfall in public finances: Will businesses or taxpayers bear the burden in the Autumn Budget? appeared first on PropertyWire.
PropMatch Curated Analysis
The Autumn Budget may introduce significant tax changes affecting property investors, including new National Insurance on rental income, Capital Gains Tax alignment with Income Tax rates, and wealth taxes on high-value properties. Property investors should prepare for potential structural changes that could materially impact returns.
Investor Relevance
Critical for all property investor segments as proposed changes could significantly affect net rental yields, capital gains tax liability on disposals, and holding costs for high-value properties. The potential 200% council tax premium on second homes owned by non-UK residents and new NICs on rental income would directly impact investment economics.
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