Property tax specialist urges Budget rethink

A Southampton-based property tax specialist has urged Chancellor Rishi Sunak to rethink his ‘grossly unfair’ super-deduction giveaway announced in the Budget. The £25bn measure was hailed as the ‘biggest business tax cut in modern history’ – allowing companies to reduce their tax bill when they invest in their business by 130 per cent of the cost. But the flagship policy … Read More

What does business want from the Budget?

Dorset Chamber chief executive Ian Girling has set out what he wants to see from Chancellor Rishi Sunak in this week’s Budget. Ian said: “The Chancellor Rishi Sunak faces a blizzard of tough decisions in this ‘bounceback’ budget. “He needs to ensure a smooth transition from national crisis to economic recovery while restoring the public finances in the long-term. “Clearly … Read More

Budget tax reform major boost to business

Changes announced in yesterday’s Autumn Budget will hugely increase the benefit of capital allowances against UK property expenditure, says a Hampshire financial expert. Alun Oliver, Managing Director of property tax specialists E3 Consulting, of London and Southampton, welcomed Chancellor Philip Hammond’s immediate changes alongside more radical long-term impacts which will become evident in time. He said: “Many of the items … Read More

Budget comment – Welcome help for first-time buyers

By Julian Smith, Tax Partner, PKF Francis Clark As always it was in the last few minutes of his Budget speech that the Chancellor pulled his ‘white fluffy rabbit’ out of the hat. This time it was the announcement that first-time homebuyers will no longer have to pay stamp duty for properties of up to £300,000. According to the Treasury, … Read More