{
  "url": "https://openlegislation.uk/finance-no-2-act-2024",
  "json_url": "https://openlegislation.uk/finance-no-2-act-2024.json",
  "id": "ukpga/2024/12",
  "title": "Finance (No. 2) Act 2024",
  "short_title": "Finance (No. 2) Act 2024",
  "long_title": "An Act to make provision in connection with finance.",
  "citation": "2024 c. 12",
  "type": "ukpga",
  "year": "2024",
  "number": "12",
  "version": "current",
  "date": "2024-05-24",
  "revised": true,
  "valid_from": "2025-03-20",
  "extent": "E+W+S+N.I.",
  "unapplied_effects": 0,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/finance-no-2-act-2024/introduction",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "crossheading/income-tax-charge-rates-etc",
      "kind": "crossheading",
      "number": null,
      "heading": "Income tax charge, rates etc",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "section/1",
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      "number": "1",
      "heading": "Income tax charge for tax year 2024-25",
      "url": "https://openlegislation.uk/finance-no-2-act-2024/section-1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "crossheading/income-tax-charge-rates-etc"
    },
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      "path": "section/2",
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      "heading": "Main rates of income tax for tax year 2024-25",
      "url": "https://openlegislation.uk/finance-no-2-act-2024/section-2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "crossheading/income-tax-charge-rates-etc"
    },
    {
      "path": "section/3",
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      "number": "3",
      "heading": "Default and savings rates of income tax for tax year 2024-25",
      "url": "https://openlegislation.uk/finance-no-2-act-2024/section-3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "crossheading/income-tax-charge-rates-etc"
    },
    {
      "path": "section/4",
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      "number": "4",
      "heading": "Freezing starting rate limit for savings for tax year 2024-25",
      "url": "https://openlegislation.uk/finance-no-2-act-2024/section-4",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "crossheading/income-tax-charge-rates-etc"
    },
    {
      "path": "crossheading/high-income-child-benefit-charge",
      "kind": "crossheading",
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      "heading": "High income child benefit charge",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "section/5",
      "kind": "section",
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      "heading": "Increase in thresholds to £60,000 and £80,000",
      "url": "https://openlegislation.uk/finance-no-2-act-2024/section-5",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "crossheading/high-income-child-benefit-charge"
    },
    {
      "path": "crossheading/measures-relating-to-property",
      "kind": "crossheading",
      "number": null,
      "heading": "Measures relating to property",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "section/6",
      "kind": "section",
      "number": "6",
      "heading": "Reduction in higher CGT rate for residential property gains to 24%",
      "url": "https://openlegislation.uk/finance-no-2-act-2024/section-6",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "crossheading/measures-relating-to-property"
    },
    {
      "path": "section/7",
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      "number": "7",
      "heading": "Abolition of multiple dwellings relief for SDLT",
      "url": "https://openlegislation.uk/finance-no-2-act-2024/section-7",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "crossheading/measures-relating-to-property"
    },
    {
      "path": "section/8",
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      "number": "8",
      "heading": "First-time buyers’ relief from SDLT: acquisition of new lease on bare trust",
      "url": "https://openlegislation.uk/finance-no-2-act-2024/section-8",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "crossheading/measures-relating-to-property"
    },
    {
      "path": "section/9",
      "kind": "section",
      "number": "9",
      "heading": "Exemption from SDLT: registered providers of social housing etc",
      "url": "https://openlegislation.uk/finance-no-2-act-2024/section-9",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "crossheading/measures-relating-to-property"
    },
    {
      "path": "section/10",
      "kind": "section",
      "number": "10",
      "heading": "Purchases by public bodies not to be subject to special 15% rate of SDLT",
      "url": "https://openlegislation.uk/finance-no-2-act-2024/section-10",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "crossheading/measures-relating-to-property"
    },
    {
      "path": "section/11",
      "kind": "section",
      "number": "11",
      "heading": "Treatment of non-UK agricultural property and woodlands for IHT purposes",
      "url": "https://openlegislation.uk/finance-no-2-act-2024/section-11",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "crossheading/measures-relating-to-property"
    },
    {
      "path": "crossheading/corporation-tax-charge-and-rates-etc",
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      "heading": "Corporation tax charge and rates etc",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "section/12",
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      "number": "12",
      "heading": "Charge and main rate for financial year 2025",
      "url": "https://openlegislation.uk/finance-no-2-act-2024/section-12",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "crossheading/corporation-tax-charge-and-rates-etc"
    },
    {
      "path": "section/13",
      "kind": "section",
      "number": "13",
      "heading": "Standard small profits rate and fraction for financial year 2025",
      "url": "https://openlegislation.uk/finance-no-2-act-2024/section-13",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "crossheading/corporation-tax-charge-and-rates-etc"
    },
    {
      "path": "crossheading/creative-reliefs",
      "kind": "crossheading",
      "number": null,
      "heading": "Creative reliefs",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "section/14",
      "kind": "section",
      "number": "14",
      "heading": "Additional relief for low-budget films with specified UK connection",
      "url": "https://openlegislation.uk/finance-no-2-act-2024/section-14",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "crossheading/creative-reliefs"
    },
    {
      "path": "section/15",
      "kind": "section",
      "number": "15",
      "heading": "Section 14: commencement and transition",
      "url": "https://openlegislation.uk/finance-no-2-act-2024/section-15",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "crossheading/creative-reliefs"
    },
    {
      "path": "section/16",
      "kind": "section",
      "number": "16",
      "heading": "Increase in theatre tax credit",
      "url": "https://openlegislation.uk/finance-no-2-act-2024/section-16",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "crossheading/creative-reliefs"
    },
    {
      "path": "section/17",
      "kind": "section",
      "number": "17",
      "heading": "Increase in orchestra tax credit",
      "url": "https://openlegislation.uk/finance-no-2-act-2024/section-17",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "crossheading/creative-reliefs"
    },
    {
      "path": "section/18",
      "kind": "section",
      "number": "18",
      "heading": "Increase in museums and galleries exhibition tax credit and removal of sunset",
      "url": "https://openlegislation.uk/finance-no-2-act-2024/section-18",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "crossheading/creative-reliefs"
    },
    {
      "path": "crossheading/energy-oil-and-gas-profits-levy",
      "kind": "crossheading",
      "number": null,
      "heading": "Energy (oil and gas) profits levy",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "section/19",
      "kind": "section",
      "number": "19",
      "heading": "Energy security investment mechanism",
      "url": "https://openlegislation.uk/finance-no-2-act-2024/section-19",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "crossheading/energy-oil-and-gas-profits-levy"
    },
    {
      "path": "crossheading/measures-relating-to-financial-services",
      "kind": "crossheading",
      "number": null,
      "heading": "Measures relating to financial services",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "section/20",
      "kind": "section",
      "number": "20",
      "heading": "Collective investment schemes: co-ownership schemes",
      "url": "https://openlegislation.uk/finance-no-2-act-2024/section-20",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "crossheading/measures-relating-to-financial-services"
    },
    {
      "path": "section/21",
      "kind": "section",
      "number": "21",
      "heading": "Economic crime (anti-money laundering) levy",
      "url": "https://openlegislation.uk/finance-no-2-act-2024/section-21",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "crossheading/measures-relating-to-financial-services"
    },
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      "heading": "Other measures",
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      "status": null,
      "parent": null
    },
    {
      "path": "section/22",
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      "number": "22",
      "heading": "Transfers of assets abroad",
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      "status": null,
      "parent": "crossheading/other-measures"
    },
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      "path": "section/23",
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      "number": "23",
      "heading": "Minor VAT amendments",
      "url": "https://openlegislation.uk/finance-no-2-act-2024/section-23",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "crossheading/other-measures"
    },
    {
      "path": "section/24",
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      "heading": "Collective money purchase arrangements",
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      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "crossheading/other-measures"
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      "path": "crossheading/final",
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      "heading": "Final",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "section/25",
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      "number": "25",
      "heading": "Interpretation",
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      "status": null,
      "parent": "crossheading/final"
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    {
      "path": "section/26",
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      "number": "26",
      "heading": "Short title",
      "url": "https://openlegislation.uk/finance-no-2-act-2024/section-26",
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      "status": null,
      "parent": "crossheading/final"
    }
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  "outstanding_effects": [],
  "made_under": [],
  "changes_made_to": 8,
  "changes_made_to_url": "https://openlegislation.uk/finance-no-2-act-2024/changes.json",
  "changes_made_by": 116,
  "changes_made_by_url": "https://openlegislation.uk/finance-no-2-act-2024/changes/by-it.json",
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  "instruments_made_under_url": "https://openlegislation.uk/finance-no-2-act-2024/instruments.json",
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2024/12",
    "retrieved_at": "2026-10-29T08:48:21.464202+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}