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
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
Experts in their field react to the Chancellor’s Budget
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
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
Dorset’s business leaders came together to discuss the future of the economy.
What does Dorset need from the Autumn Statement – DCCI chief executive Ian Girling sets out his wishlist