Budget 2024 Tax Changes Uk. The new chancellor’s first budget on 30 october 2024 has been widely anticipated, drawing extensive press speculation. The changes made at autumn statement 2023 and spring budget 2024 mean that for single individuals on average salaries, personal taxes would be lower in the uk than every other g7 country,.
Under the new regime, there will be no uk tax on foreign income and gains for the first four years of uk tax residency, where individuals have not been uk resident in the previous 10 consecutive tax years. Millionaires urge reeves to raise £14bn from capital gains tax changes at budget.