📢 Spring Budget 2024 - A brief summary! 📢

• 2pc off NIC's for employees and self employed individuals 🎇

• High Income Child Benefit Charge threshold will increase to £60,000 and the taper will extend up to £80,000 👨‍👩‍👧‍👦

• The higher rate of Capital Gains Tax on property will be cut from 28% to 24%

• VAT threshold increased to £90,000 from £85,000. 🏠

• Furnished Holiday Let regime will be abolished from April 2025

Overall, a good few tax savings but the increase in VAT threshold was a little disappointing considering it has been frozen for 7 years!

My full summary and breakdown of these changes will be released soon!

#springbudget #budget24 #tax #accounting