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It would not be an understatement to suggest that the recent Autumn Budget – presented to Parliament by Chancellor of the Exchequer Rachel Reeves on 30th October – was one of the most anticipated for many years, and not merely because of certain major historical milestones.
While the Budget was the UK’s first to ever be delivered by a woman, as well as the Labour Party’s first for more than 14 years, transport consultants and their clients were also watching the Chancellor’s…
Posted on January 2, 2025 at 4:35am 0 Comments 0 Likes
Amidst the continued volatility of the global economy exacerbated by various macroeconomic events, investors have been increasingly venturing into alternative investments. Alternative investments do not typically correlate to movements in the stock markets, which means they can be used to diversify portfolios and hedge against volatility. Driven by this rising demand, Preqin, in its Futures of Alternatives 2027 report, forecasts that globally, total alternative assets under management will…
ContinuePosted on January 2, 2025 at 4:19am 0 Comments 0 Likes
Chancellor Rachel Reeves announced changes to Stamp Duty Land Tax (SDLT) in the Autumn Budget that have increased the rates payable by buyers of additional properties and companies. Partner Daniel Broughton summarises the current SDLT rates and examines the new rates introduced with effect from 31 October 2024.
Overview of SDLT
SDLT is charged when you buy a residential freehold or leasehold property for a price that exceeds certain thresholds. The current thresholds are:
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