Read the Spring edition of our quarterly newsletter

18th February 2019

The new tax year is fast approaching and that means that various changes announced in the 2018 Budget will come into effect. This includes the good news for most that the personal allowance will increase, but also new opportunities for businesses seeking to invest capital. Please read the Thompson Jenner Spring 2019 newsletter for all the details on this and other topical issues.

Amongst the Chancellor’s announcements were key opportunities for businesses intended to stimulate investment and growth. This means that UK business owners can take advantage of more generous tax reliefs and allowances around construction and training new staff.

Our feature story, Capital allowances in focus, looks at the new structures and buildings allowance and changes to the annual investment allowance, which may prove attractive to businesses looking to invest in construction costs or new plants and machinery.

Our other stories include:

• Double hit to company cars – Company cars are growing more expensive, with the tax regime changing to make ultra-low emissions vehicles more attractive.
• Probate fees hike hits larger estates – It has been described as a stealth tax, but a new structure for probate fees will affect many estates from April 2019
• Child tax credit – three’s a crowd? – We look at lesser-known exemptions to the two-child limit for child tax credits
• Restricting entrepreneurs’ relief – New requirements are being introduced for those seeking to take advantage of this valuable relief

We hope you enjoy reading our PDF newsletter which can be downloaded below. If you would like to have more information about any of the articles in the newsletter and their possible impact on you, please let us know.

Thompson Jenner LLP Spring 2019 Newsletter