The chancellor delivered his Autumn budget in a buoyant mood, with several jokes thrown in for good measure (albeit not very funny!), even directly aiming one at Lewis Hamilton when discussing extra tax on private jets!
Stimulation of the housing market was a strong theme in the chancellor’s speech, with several measures proposed to stimulate the housing market, principally the abolition of stamp duty land tax for first-time buyers on houses worth up to £300,000.
On a positive note more funding was promised for the NHS over the course of this parliament, but on the downside GDP was downgraded for 2017 from 2% to 1.5%, with a further downgrade in 2018 from 1.6% to 1.4%.
The key points at a glance include:
If you would like to discuss any of the key points mentioned further, our specialist tax experts are here to help. For further information on the Autumn Budget please visit www.hallidays.co.uk/news/business-news/archive/news-article/2017/November/autumn-budget-2017 or contact the tax team on 0161 476 8276 or email email@example.com
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