Rosé, sparkling wine or cider drinkers will be in a merry mood this evening.

And generally I agree, as the Autumn Statement 2021 was a lot more positive and upbeat and not as taxing as it might well have been. 

There were concerns as to whether the Chancellor might have aped the Biden administration and increased CGT and possibly also cut-back (yet further) on CGT or IHT reliefs. I think that there will be a general sigh of relief from the property industry that there have not been yet further changes to SDLT (although a 4% RPDT might have been higher than wished for), and that the Chancellor has not yet tinkered with the VAT regime as it applies to property: even though the UK is no longer within the EU. Many businesses will welcome the extension of the AIA to March 2023, and the review of business rates.

Whilst there are few tax measures revealed in the detailed documentation that accompanies a Budget/Autumn Statement there appear so far not to be any significant tax issues arising: from them.

It was perhaps surprising that the Chancellor didn’t state he was stamping down on anti-avoidance.