Spring Budget summary: March 2024

Access the Spring Budget 2024 summary here.

Chancellor Jeremy Hunt delivered his ‘Budget for Long Term Growth’ on Wednesday 6 March 2024, promising ‘more investment, more jobs, better public services and lower taxes’.

It delivered a package of measures to help individuals, families and small businesses by lifting of the High-Income Child Benefit Charge threshold, and widening of the taper reduction, prior to fundamental changes in future years, as well as mentioning some property tax changes, which will impact those who rent out furnished holiday homes and those who acquire portfolios of properties or properties with annexes, and those selling residential properties. The most fundamental change announced is in the taxation of ‘non-doms’.

Watch our Spring Budget question time webinar

Following the Spring Budget, our panel of specialists examined the announcements made by The Chancellor, discussing what these changes mean for you. They also answered questions from our live audience. This webinar is now available to watch on demand here.

Read more of our Spring Budget insights:

• Top implications for businesses and individuals – Spring Budget 2024
• Implications for charities and not-for-profits – Spring Budget 2024
• Overview of the changes to the non-dom regime – Spring Budget 2024
• Foreign Income & Gains (FIG) regime – Spring Budget 2024
• Changes to taxation of trusts settled by non-doms – Spring Budget 2024
• Significant changes in property taxation afoot – Spring Budget 2024
• Changes for Furnished Holiday Lets – Spring Budget 2024
• Audio-Visual Expenditure Credit (AVEC) – Spring Budget 2024