The 2023 Autumn Statement confirmed a number of the rumored personal and business tax changes, but announcements in the Indirect Tax sphere were limited. Our team highlight some of the main property related changes and how these will impact our clients.
Property Related Changes
The Autumn Statement was a relatively sleepy affair, with few high-profile announcements for the property sector.
HMRC have recently confirmed their stance on ‘lost space’ in relation to the creation of bathrooms using an existing room in a disabled persons home – this was previously known as ‘restitution relief’.