The upcoming Budget to be delivered by Chancellor Rachel Reeves on 30 October has been one of the most anticipated in recent years. With a declared "£22 billion black hole" in public finances, there has been considerable speculation as to the expected measures, with nuance of political statements being interpreted as indicators of such measures. 

The Chancellor has confirmed that a business taxes roadmap will be published on Budget Day to help give businesses the clarity they need to invest, but in the meantime rumours continue to swirl. Whereas some anticipated measures, such as on capital gains tax, have fuelled an increase in property transactions, there has been less discussion of possible changes to SDLT. This is despite there being recent change on the back of the 2021/22 HM Revenue & Customs consultation, namely the abolition of multiple dwellings relief in June this year.

Once the speculation has ended and the measures released by HM Treasury, views on the implications and impacts of such measures by our tax experts at WBD will be shared on our 'insights' page.

This article is for general information only and reflects the position at the date of publication. It does not constitute legal advice.