Latest Legal News
Latest Legal News
Budget 2017: Top Takeaways for Businesses
Yesterday’s announcements by the Chancellor of the Exchequer were, for the most part, par for the course with a smattering of incentives for businesses. The main points to note were:
Venture Capital Scheme Adjustments
The Government will introduce legislation doubling both the limit on which the EIS investments for ‘knowledge intensive’ companies (KICs) and the individual investor limits for investment in these companies.
Top 5 Budget 2017 Takeaways for Individuals
The tax implications for individuals in Budget 2017 were not particularly wide ranging and those which attracted most publicity will not affect Scottish residents. The main points were as follows:
- Stamp duty land tax will be abolished on homes under £300,000 for first time buyers. Where the purchase price is between £300,000 and £500,000, there will be no SDLT on the first £300,000. Time will tell whether the Scottish Government will follow suit on 14 December.
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