George Osborne’s budget speech delivered more changes than initially expected. There were some nice surprises, however for some of the announcements it will take time before we see the benefit or the real detail behind the headlines.
Coined as a budget for the Movers, Doers and Savers the key highlights include:
• Annual Investment Allowance to double from £250,000 to £500,000 and extend to 31 December 2015
• ISAs – individual tax free limits for stock/shares ISAs and cash ISAs scrapped and replaced by single £15,000 tax free limit on 1 July 2014
• 15% SDLT applied to residential properties costing £500,000+ purchased through a company on/after 20 March 2014
• NIC allowance available against first £2,000 of employer’s NIC paid during 2014/15 and onwards
For more detail or a copy of our Budget slides, click here or contact Lesley Sutton on 01484 550 037.