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Good news from the Budget 2024

  • National insurance cut by another 2% from April 2024
  • Child Benefit Higher Income Charge (CBHIC) reform – threshold increased to £60k, with repayment threshold increased to £80k. Household income reform also announced, to come in 2026.
  • Higher rate Capital Gains Tax on property to be reduced from 28% to 24%
  • VAT registration threshold increased to £90,000

As always if you have any questions regarding taxes, whether it’s income or capital gains tax, please send us an email info@oboyleaccounting.com or call us on 028 91469054

 

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