We have pleasure in attaching here our summary of the key announcements in the Chancellor’s Autumn Statement 2014. We hope you will find it useful and interesting.
It was much more significant than most Autumn Statements have been in the past and reflects the fact that there is only one more such occasion before the May election. So George Osborne was clearly aiming to make a favourable impression.
The greatest impact will be on the housing market, which will immediately feel the beneficial effects of his lowering of stamp duty for the vast majority of home buyers – although it will only serve to dampen the very top end of the market.
The reform to ISAs – making them inheritable, at least between married couples and civil partners – echoes the upcoming and welcome changes to the taxation of pension death benefits.
There were many other important announcements which we cover in the summary.