| Guvnor

Enforced by: HMRC
Status: Amended (in force with amendments)

What it defines

Sections creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

26 other provisions — procedural and definitional

s.001 Income tax charge for tax year 2024-25

s.002 Main rates of income tax for tax year 2024-25

s.003 Default and savings rates of income tax for tax year 2024-25

s.004 Freezing starting rate limit for savings for tax year 2024-25

s.005 Increase in thresholds to £60,000 and £80,000

s.006 Reduction in higher CGT rate for residential property gains to 24%

s.007 Abolition of multiple dwellings relief for SDLT

s.008 First-time buyers’ relief from SDLT: acquisition of new lease on bare trust

s.009 Exemption from SDLT: registered providers of social housing etc

s.010 Purchases by public bodies not to be subject to special 15% rate of SDLT

s.011 Treatment of non-UK agricultural property and woodlands for IHT purposes

s.012 Charge and main rate for financial year 2025

s.013 Standard small profits rate and fraction for financial year 2025

s.014 Additional relief for low-budget films with specified UK connection

s.015 Section 14 : commencement and transition

s.016 Increase in theatre tax credit

s.017 Increase in orchestra tax credit

s.018 Increase in museums and galleries exhibition tax credit and removal of sunset

s.019 Energy security investment mechanism

s.020 Collective investment schemes: co-ownership schemes

s.021 Economic crime (anti-money laundering) levy

s.022 Transfers of assets abroad

s.023 Minor VAT amendments

s.024 Collective money purchase arrangements

s.025 Interpretation

s.026 Short title

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.

Finance (No. 2) Act 2024

What it defines