In the wake of the latest Budget held on Wednesday 11th March, Streets Chartered Accountants gathered three key members of the team to discuss the Coronavirus-heavy announcements.
Host and Marketing Partner, James Pinchbeck is joined by Sam Tindale, Financial Advisor at Tower House Wealth Management, who discusses the changes announced to Pensions, including Taper Relief, investment market reactions to Covid19 and the impact of the interest cut.
Michael Ball, Tax Director at Streets Chartered Accountants focuses instead on the changes announced to Entrepreneur Relief, the tax implications of changes to Pension Taper Relief. He also considers the impact on the taxation of property with changes to Stamp Duty Land Tax for non-residents and Capital Gains Tax on principle private residents.
Finally, Chris Connor, Tax Partner at Streets Chartered Accountants takes a look at the measures introduced in the Budget to support businesses through the Coronavirus pandemic. He also considers the changes to Research and Development Expenditure Tax Credits, as well as those coming into effect for Structural Building Allowances. He concludes with a look at the changes to Business Rates and their impact on businesses.