Will ‘Hard’ Brexit mean a ‘Hard’ Budget for the Property sector?
The Chancellor will present the Spring Budget on Wednesday 8 March. With recent optimism following the Prime Minister’s speech on her party’s Brexit strategy, should we expect a Budget which is going to prepare the country for the storm ahead?
In his Autumn Statement in October Mr Hammond was keen to herald and encourage a fast-growing, high employment economy. He included a plan to cut Corporation Tax to 17% by 2020 and a simplification of the Substantial Shareholding Exemption to help make the UK an attractive place to do business. Will we see further changes that will pave the way for a UK which is ‘open for business’?
What will this mean for the Property Sector?
The sector has been lobbying hard for a reduction of SDLT on residential property, which has been cited as a major factor in the slowdown of the top end of the London market. What impact will the budget have on this? Will there be any developments? Will we get further guidance on the impact of the changes to the Entrepreneur Relief rules for developers and traders?
We are presenting an easy to digest summary of the Spring Budget announcements on 9 March with a particular focus on their impact on the property sector. You can ask our experts questions during the seminar or, if you prefer, afterwards during our networking session.
Places are limited and will be allocated on a first come first served basis.
Date: 9 March 2017
Time: 4.30pm registration for a 5.00pm start
Speaker: Mark Fielden, Tax Partner & Martin Muirhead, Head of Property
Venue: Kingston Smith, Devonshire House, 60 Goswell Road, London EC1M 7AD
Date: March 9, 2017
Tax Partner, Kingston Smith
Head of Property, Kingston Smith
60 Goswell Road