2pc off NIC's for employees and self employed individuals ๐
High Income Child Benefit Charge threshold will increase to ยฃ60,000 and the taper will extend up to ยฃ80,000 ๐จโ๐ฉโ๐งโ๐ฆ
The higher rate of Capital Gains Tax on property will be cut from 28% to 24%
VAT threshold increased to ยฃ90,000 from ยฃ85,000. ๐
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!
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