Private Client Commentary


Personal tax highlights


Capital Gains Tax (“CGT”): With an unexpected reduction in the rate of CGT in three weeks’ time – can you postpone the sale of your asset? Changes to Entrepreneurs’ Relief… As ever, the devil is in the detail… And in the small print there is a development for non-doms.

Allowances: The highly anticipated increase to the basic rate threshold coupled with a further increase to the personal allowance will take people earning under £45,000 out of the higher rate of taxation.
ISAs: As promised, the Chancellor did not proceed with pension reforms but aims to encourage those under 40 to start saving with the introduction of a new flexible Lifetime ISA.

Loans to shareholders: Tax on loans to shareholders from their companies will increase from 25% to 32.5%.

Stamp Duty Land Tax (“SDLT”) on commercial property: Increase in SDLT for purchases over £1.05m.



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Corporate commentary


Corporate tax highlights

The main highlight was the unexpected cut to corporation tax, which is further reduced to 17% with effect from 1 April 2020 – which means the UK continues to be attractive to multinational businesses.
Other points of note include:



the opportunity to offset carried forward losses, although there are restrictions for larger companies;
the package of measures aimed at tackling VAT evasion by overseas sellers in online marketplaces; and
changes to the rate of Stamp Duty Land Tax (“SDLT”) on non-residential property.


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Tax For Web


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Event Calendar

February 2018
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Conferência SEGURANÇA NOS NEGÓCIOSO Regulamento 2016/69 da UE sobre a Proteção de Dados (RGPD)A lei e a prática ANJEv - Associação nacional dos Jovens EmpresáriosR. de Paulo da Gama [...]
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WORKSHOP MOTIVAÇÃO E PRODUTIVIDADE DAS SUAS EQUIPAS OEIRAS, PORTUGAL     15 DE FEVEREIRO,  17h30 às 19h30 A desmotivação profissional [...]
Date :  Thursday, 15 February 2018
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18:30
Novos Contactos, Mais Negócios Informal Business Drinks 28 de Fevereiro 2018a partir das 18h30 The George PubRua Crucifixo 58, 1100-184 Lisboa 50% desconto na Fuller’s [...]
Date :  Wednesday, 28 February 2018

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