On 30 October 2024, Chancellor Rachel Reeves presented her first budget to parliament. This was a budget intended to restore stability to our economy and to begin a decade of national renewal. Investment will be funded by revised debt rules to facilitate additional borrowing and a hefty £40 billion of tax rises.

There may come a point when you no longer need to trade through a limited company, however as the business is a legal entity the process of closing a company is far from simple. This guide explains the steps involved.

Read this article to find out how the estate of a surviving spouse or civil partner can benefit from the unused portion of their partner’s nil rate band and RNRB.

Read this article to discover five common capital gains tax mistakes and how to avoid them.

Read this article to find out how to enjoy savings income tax-free in 2024/25.

From 2024/25 onwards, the cash basis, rather than the accruals basis, is the default basis of accounts preparation for unincorporated businesses. Read this article to find out what this means for you if you run an unincorporated business.

Read this article to find out how to ensure a payment made on retirement is tax-free.

Read this article to find out about the tax implications of a company ceasing to trade.

Read this article to discover the rules for waiving dividends.

The SDLT supplement does not apply where a taxpayer exchanges their main home, even if they have two or more residential properties. Read this article to find out more and how to claim a refund if the new residence is purchased before the old one is sold.