Client accessAutumn Statement 2023 – Other taxation matters
Budget Summary
- Income tax
- National insurance contributions
- National living wage and National minimum wage
- Individual savings accounts
- Pension tax limits
- Backing British business
- Other Taxation matters
- Back to work
- State benefits
- Making tax digital
Capital gains
The capital gains tax annual exempt amount will be reduced from £6,000 to £3,000 from April 2024.
| Comment |
| It is estimated that around 570,000 individuals and trusts could be affected in 2024/25. |
Inheritance tax
The inheritance tax nil-rate bands will stay fixed at their current levels until April 2028. The nil-rate band will continue at £325,000, the residence nil-rate band will continue at £175,000 and the residence nil-rate band taper will continue to start at £2 million.
