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The abolition of non-domicile status
In the Autumn 2024 Budget, Chancellor Rachel Reeves announced significant reforms aimed at non-domiciled (non-dom) individuals. These reforms are due to come into effect from 6 April 2025. What is Non-Dom Status? Non-dom status allows individuals who live in the UK...
Capital Gains Tax changes following the Autumn Budget
Many speculated an increase in Capital Gains Tax “CGT” rates would be announced in Labour’s first budget and they were correct, although rates did not increase as much as anticipated. Capital gains tax rate changes The lower rate of CGT increased from 10% to 18%,...
Raising Share Capital
Often limited companies may find it difficult to raise funds, whether they be starts up, those looking to expand or even to buy new plant and equipment. Some may not have a favourable credit history and cannot secure the required loans. An option to is to issue new...
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