{"id":3071,"date":"2018-10-30T09:32:31","date_gmt":"2018-10-30T09:32:31","guid":{"rendered":"https:\/\/www.goodmanjones.com\/blog\/?p=3071"},"modified":"2019-12-17T05:36:07","modified_gmt":"2019-12-17T05:36:07","slug":"uk-budget-summary-2018","status":"publish","type":"post","link":"https:\/\/www.goodmanjones.com\/blog\/uk-budget-summary-2018\/","title":{"rendered":"UK Budget Summary 2018"},"content":{"rendered":"<p><a class=\"fbp-embed\" style=\"max-width: 100%;\" href=\"https:\/\/budget.taxbriefs.co.uk\/GoodmanJonesBS18\/\" data-fbp-lightbox=\"yes\" data-fbp-width=\"640px\" data-fbp-height=\"480px\" data-fbp-method=\"site\" data-fbp-version=\"2.10.8\">Goodman Jones Budget Summary 2018<\/a><script async defer src=\"https:\/\/budget.taxbriefs.co.uk\/GoodmanJonesBS18\/files\/html\/static\/embed.js?uni=dcbf5f53eb33783ec607ff3dd6c65046\"><\/script><\/p>\n<p><a href=\"https:\/\/www.goodmanjones.com\/public\/downloads\/ptxfG\/GoodmanJones2018Budget.pdf\">Download the Goodman Jones 2018 Budget Summary<\/a><\/p>\n<p>Last year Philip Hammond promised us fewer frequent tax changes and more consultations and this years budget appears to have delivered on that promise.<\/p>\n<p>Many of the announcements were minor changes to existing legislation or confirmation of matters which have already been subject to public consultations.<\/p>\n<p>New measures include the increase of the personal tax higher rate threshold to \u00a350,000, the introduction of a new capital allowance for the construction of commercial property, a temporary increase in the annual investment allowance and help for the high street by way of a business rate reduction and money being made available for infrastructure spending.<\/p>\n<p>Some of the minor amendments to existing legislation which may have a significant impact include changes to capital gains tax relief for the main residence, the restriction of the capital gains tax relief for residential letting which will make this relief unavailable in most cases and changes to the qualifying conditions for Entrepreneurs relief including extending the qualifying period to 2 years.<\/p>\n<p>Matters which had been the subject of previous consultations and were expected include extending capital gains tax for non-residents to include sales of UK commercial property and bringing the private sector into the off payroll working rules to counter avoidance of PAYE tax.<\/p>\n<p><a href=\"https:\/\/www.goodmanjones.com\/public\/downloads\/ptxfG\/GoodmanJones2018Budget.pdf\">For a full review of the budget download our pdf<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Goodman Jones Budget Summary 2018 Download the Goodman Jones 2018 Budget Summary Last year Philip Hammond promised us fewer frequent tax changes and more consultations and this years budget appears to have delivered on that promise. Many of the announcements were minor changes to existing legislation or confirmation of matters which have already been subject[&#8230;] <\/p>\n<div class=\"brown_button\"><a class=\"more-link\" href=\"https:\/\/www.goodmanjones.com\/blog\/uk-budget-summary-2018\/\">Read More<\/a><\/div>\n","protected":false},"author":16,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[884,471,885,11],"tags":[],"class_list":["post-3071","post","type-post","status-publish","format-standard","hentry","category-business-tax","category-individuals-families","category-personal-tax","category-uk-business-entrepreneurs"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>UK Budget Summary 2018<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.goodmanjones.com\/blog\/uk-budget-summary-2018\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UK Budget Summary 2018\" \/>\n<meta property=\"og:description\" content=\"Goodman Jones Budget Summary 2018 Download the Goodman Jones 2018 Budget Summary Last year Philip Hammond promised us fewer frequent tax changes and more consultations and this years budget appears to have delivered on that promise. Many of the announcements were minor changes to existing legislation or confirmation of matters which have already been subject[...] Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.goodmanjones.com\/blog\/uk-budget-summary-2018\/\" \/>\n<meta property=\"og:site_name\" content=\"London Chartered Accountants Blog | Goodman Jones London Accountants\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-30T09:32:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-12-17T05:36:07+00:00\" \/>\n<meta name=\"author\" content=\"Richard Verge - Tax Director\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@GoodmanJones\" \/>\n<meta name=\"twitter:site\" content=\"@GoodmanJones\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Richard Verge - Tax Director\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.goodmanjones.com\\\/blog\\\/uk-budget-summary-2018\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.goodmanjones.com\\\/blog\\\/uk-budget-summary-2018\\\/\"},\"author\":{\"name\":\"Richard Verge - Tax Director\",\"@id\":\"https:\\\/\\\/www.goodmanjones.com\\\/blog\\\/#\\\/schema\\\/person\\\/756ca81453fcf2e0f99d557d5d540927\"},\"headline\":\"UK Budget Summary 2018\",\"datePublished\":\"2018-10-30T09:32:31+00:00\",\"dateModified\":\"2019-12-17T05:36:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.goodmanjones.com\\\/blog\\\/uk-budget-summary-2018\\\/\"},\"wordCount\":228,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.goodmanjones.com\\\/blog\\\/#organization\"},\"articleSection\":[\"Business Tax\",\"Individuals &amp; 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