So now we know! The leaks are over and the blame game in full swing; aside from the 2% increase to property income tax and dividends the major talking point is the covertly announced change to incorporation relief. The legislation [TCGA92 S.162] described the capital gain deferral as 'automatic' - from April next this is no longer the case. Incorporation relief will need to be claimed via self assessment providing the authorities with the opportunity to challenge more quickly and delve more deeply - neither particularly attractive. Fortunately there are better options than incorporation/company, reassuring given the changes to personal taxation announced.

Posted by Chris Haley at 2025-12-02 09:34:55 UTC