2017-18—Budget, Finance Bill and Spring Statement

ARCHIVED: This Overview has been archived and is not maintained. This sub-topic draws together content on the fiscal events throughout the tax year 2017–18 starting with the release of the draft provisions for Finance Bill 2018 on 13 September 2017, through the Autumn Budget in 2017 to the passage through parliament of the Finance Act 2018 and the Spring Statement on 13 March 2018.

The Practice Note: 2017–18—Budget, and Finance Bill and Spring Statement—Private Client analysis provides a guide to all of the analysis on this subject available on Private Client.

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The Public Bill Committee is expected to begin scrutiny of the Finance Bill on 28 January 2025. Comments on the Bill are invited before then, and revised explanatory notes have been issued to cover the Government’s proposed Pillar 2 amendments.

Private Client weekly highlights—19 December 2024

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Question of the week: Does the inheritance tax exemption for transfers between spouses apply where both spouses are non-UK domiciled and make a transfer of UK situs assets between them?

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Supreme Court unanimously allows appeal (Hirachand v Hirachand and another)

The Supreme Court has unanimously allowed the Inheritance (Provision for Family and Dependants) Act 1975 (I(PFD)A 1975) appeal and excluded from the order, in favour of the daughter, any sum for the success fee. Richard Dew, barrister at Ten Old Square, comments that the decision that costs cannot be recovered as part of the award restores the position to what it ought to have been and Brie Stevens-Hoare KC of Gatehouse Chambers highlights that the decision will ensure that applicants who use conditional fee agreements to access justice pay the price of their costs being conditional. Oliver Ingham of 3 Paper Buildings further notes the Supreme Court has made clear that success fees remain the responsibility of the claimant, preserving the integrity of the wider costs regime and ensuring consistency across civil litigation.