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Capital gains

The capital gains tax annual exempt amount will be reduced from £6,000 to £3,000 from April 2024.

Comment

It is estimated that around 570,000 individuals and trusts could be affected in 2024/25.

Inheritance tax

The inheritance tax nil-rate bands will stay fixed at their current levels until April 2028. The nil-rate band will continue at £325,000, the residence nil-rate band will continue at £175,000 and the residence nil-rate band taper will continue to start at £2 million.

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Company details

Hyde Office:
Allen Mills Howard & Co, Library Chambers, 48 Union Street, Hyde, Cheshire SK14 1ND
Tel: 0161 366 6535

About us

We are an established accountancy practice with offices in the North West of England.

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