2014 Autumn Statement

December 9, 2014by Frontier Group
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Find out what the Autumn Statement means for you.

We are pleased to link our guide to the Chancellor’s 2014 Autumn Statement.

Download 2014 Autumn Statement

Chancellor George Osborne made a number of significant announcements in this year’s statement and we have put together a summary of the key personal tax, business tax and financial measures which could affect you or your business.

Some of the highlights are:

  • Changes to the remittance basis charge introducing a new £90,000 charge for those who have been resident in the UK for more than 17 out of the last 20 years
  • Major reform of stamp duty land tax for residential property. The new rules are effective from 4th December 2014. This will have a significant effect on stamp duty due when purchasing a property valued at over £1,000,000
  • You will still be able to claim Entrepreneur’s relief on qualified gains even if the gains have been deferred into investments which qualify for the Enterprise Investment Scheme

For tailored advice on any issues that arise from the announcement of the Autumn Statement and to discuss how they may affect you please call Frontier on 0207 090 7770.

We are able to offer you’re more than the traditional tax and compliance requirements. We can advise you on strategies designed specifically to minimize your tax bill, improve your profits and make the most of your personal wealth.

We look forward to hearing from you.

Frontier Group