The key budget highlights for property investors and entrepreneurs are:
- Temporary relief on business rates which will also help property developers converting commercial building.
- Increase in what you can claim on capital allowances on commercial buildings.
- £3k cash grant for business eligible for small business rates relief.
- Uplift in Employers NI contributions threshold from £3000 to £4000.
- No VAT on Ebooks. Ie no tax on electronic learning.
- 2% SDLT surcharge on foreign buyers.
- Entrepreneurs relief survives but lifetime limit reduced from £10 to £1m.
Conygar Investment Company PLC (LON:CIC) is an AIM quoted property investment and development group dealing primarily in UK property.