Capital Gains Tax
The Capital Gains Tax rate has not been increased for property sales.

Corporation Tax
Corporation Tax has been raised to 18% and 24%, with potential for further increases in future budgets.

Many believe the reason for not increasing Capital Gains Tax is that a higher rate would discourage landlords from selling properties, as inheritance tax is the only tax applied when passing assets to family members. By keeping Capital Gains Tax unchanged and raising Corporation Tax, the government may be nudging landlords towards selling now. As Labour remains in power, we could see incremental tax increases over the next five years.

Business Asset Disposal Relief
Currently, the tax on selling a business is limited to 10% on the first £1 million, providing a valuable incentive for UK business growth and sales. This relief remains unchanged, much to the relief of business owners. Although Conservatives previously reduced this threshold from £10 million to £1 million, Labour may gradually phase it out by raising the 10% rate to 14% or even 18%. This could prompt business owners to sell sooner rather than later. Property investors, however, do not benefit from Business Asset Disposal Relief.

Stamp Duty
Effective immediately, Stamp Duty for investors has increased from 3% to 5%, likely reducing investor numbers. Professional investors may absorb this cost into property pricing. With more investors considering sales, we may see a larger supply of lower-priced properties, creating more opportunities for seasoned buyers.

Pensions
Pensions are no longer entirely tax-free. The first 50% of a pension remains tax-free, but any amount over this incurs a 20% tax.

Inheritance Tax
The inheritance tax threshold remains at £325,000, where it has been since 2009, and Labour has frozen this level until at least 2030. However, with no adjustments for inflation, rising property values mean the government is likely to see increasing revenue from inheritance taxes.

National Insurance
The largest tax increase in this budget is the rise in employer National Insurance from 13.8% to 15%, projected to generate approximately £25 billion. This increase may impact hiring decisions, as employers look to manage workforce costs.

Minimum Wage
The minimum wage has been increased by 6.7%, exceeding inflation rates. This could add upward pressure on inflation and may prompt the Bank of England to raise interest rates further.

Non-Dom Status
Individuals with overseas assets or businesses will now be required to pay UK taxes on those assets. Although details are yet to be confirmed, this is likely to impact the upper end of the property market, particularly among high-net-worth individuals.

source: https://www.youtube.com/watch?v=wN-KTO9NvWQ

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