admin | SA Ledgers Ltd

Autumn Budget 2024 – Higher rates of SDLT

by admin | Oct 31, 2024 | Stamp Duty Land Tax

It was announced as part of the Budget measures that the higher rates of Stamp Duty Land Tax (SDLT) on purchases of additional residential properties will increase to 5% (from 3%) for transactions with an effective date on or after 31 October 2024. This applies to...

Autumn Budget 2024 – Inheritance Tax changes

by admin | Oct 31, 2024 | Inheritance Tax

A number of changes to Inheritance Tax (IHT) were announced as part of the Budget measures. We have covered each of the main measures below. It should be noted that these changes are not coming into effect until April 2026 at the earliest. IHT reliefs Changes were...

Autumn Budget 2024 – Capital Gains Tax

by admin | Oct 31, 2024 | Capital Gains Tax

In the Budget it was announced that the rates of Capital Gains Tax (CGT) are to be increased with immediate effect. The main rates of CGT that apply to assets other than residential property and carried interest will increase from 10% to 18% (for Income Tax basic rate...

Autumn Budget 2024 – NIC changes

by admin | Oct 31, 2024 | National Insurance

As had been widely predicted, the Chancellor announced increases to the rate of National Insurance contributions (NICs) that are paid by employers. The main rate of secondary Class 1 NICs will increase by 1.2% to 15% (from 13.8%) effective from 6 April 2025. The Class...

Autumn Budget 2024 – Minimum Wage increases

by admin | Oct 31, 2024 | Payroll

The Chancellor of the Exchequer, Rachel Reeves announced significant increases to the Minimum Wage rates on the eve of the Budget. The Chancellor confirmed that the government has accepted in full the proposals of the Low Pay Commission (LPC) for increasing minimum...