With just over one month to go until the Autumn Budget, businesses and individuals are being reminded to take stock of their financial planning. At Burgis & Bullock we are closely monitoring developments to ensure our clients are prepared for what could be a critical Budget update on 26th November 2025.
As debt is now exceeding £100 billion annually, the pressure is on the Chancellor not to raise Income Tax, National Insurance, VAT or Corporation Tax. There may also be continued freezes on Income Tax thresholds, around applying National Insurance to rental income and adjusting the VAT registration threshold.
Commenting, Helen Marshall, Private Client Tax Manager at Burgis & Bullock: “Capital Gains Tax rates were increased last year, and further reforms could target specific asset classes or reduce exemptions. From April 2027, private pensions will be included in estate valuations for IHT purposes, and additional changes such as a lifetime cap on tax-free gifts or the removal of taper relief for IHT may follow. Property taxes could also be reshaped in the longer term and wealth taxes, including a potential mansion tax, are also being discussed.”
At Burgis & Bullock, we’ll be providing full analysis and commentary following the Chancellor’s statement. In the meantime, we encourage clients to review their tax planning strategies, particularly around income, property, and estate planning, to ensure they’re prepared for any changes that may come into effect.
If you’d like to discuss how the Autumn Budget could impact your business or personal finances, please get in touch with our tax advisory team.
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