MAK UK Chartered Certified Accountants

26/11/2025

Key highlights from the Budget:

No changes to capital gains tax (CGT) or inheritance tax (IHT) rates, SDLT, or Principal Private Residence relief.

Corporation tax remains at 25%, the lowest in the G7.

No new wealth tax, exit tax, or National Insurance contributions (NICs) on LLP partners.
UK’s competitive corporate tax regime remains intact.

1. Personal tax and allowances

Income tax bands and allowances frozen until April 2031 – top rate stays at 45%.

IHT nil-rate bands and the £1m agricultural property relief (APR) and business property relief (BPR) allowance remain unchanged until April 2031.

2. Property and investment income

From April 2026: dividend tax rises by 2 percentage points for basic and higher rates (additional rate unchanged).
From April 2027:

Property and savings income tax rates:
Basic: 22%
Higher: 42%
Additional: 47%

Finance cost relief for landlords aligns to the new 22% basic rate.

27/08/2025

27/08/2025

Fabulous Night

27/08/2025

Attending Master Chef Award Program UK

31/10/2024

BUDGET SUMMARY on Basic Taxation – OCTOBER 2024

• the rate of employers' NIC will rise to 15% from the current 13.8%

• Minimum Wages: National Living Wage (21 and over) £12.21, 18-20 Year Old Rate £10.00.

• Capital Gain Tax: Basic Rate 10% to 18% and Higher rate 24% to 20% with effect from 30 October 2024.

• Stamp Duty Tax for 2nd property - the higher rate for additional dwellings (HRAD) increases from 3% to 5% with effect from 31 October 2024.

• Corporation Tax will remain same. Profit up to £50K is 19%.

• VAT threshold will remain to £90K

16/06/2024

Eid Mubarak! Wishing you and your loved ones a blessed Eid-al-Adha filled with happiness, laughter, and cherished memories.

Ahmed Kabir FCCA, CPFA, FMAAT, ARA (ATOL), BA (Hons)

10/04/2024

Eid Mubarak!
Wishing you and your loved ones a blessed Eid-al-Fitr filled with happiness, laughter, and cherished memories.