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Well, after much excitement and speculation, the Chancellor finally delivered his second budget of 2015 to Parliament yesterday; the second in just four months.

This was George Osborne’s opportunity to bring in some of the proposals from the Conservative manifesto that couldn’t happen under the coalition government. To find out just how far-reaching some of the policy changes are, we have prepared a Budget Summary for you, outlining all the key areas and main announcements.

An unexpected change which may well affect you is the way dividends will be taxed from April next year.  Also changing will be tax relief on mortgage interest from your residential buy-to-let profits, but this will be phased in over four years from April 2017.

Budget summary

If you have any queries whatsoever, please do not hesitate to get in touch by calling 01782 279615 or emailing info@mittenclarke.co.uk and we will be more than happy to discuss any of the implications with you.