In this Budget Special of Not Just A Number, Kieron Clement-Smith is joined by SRLV partners Steven Wren and Janice Lloyd to break down every major tax change announced in the Chancellor’s 2025 Budget.This is a must-listen episode for high-net-worth individuals, entrepreneurs, property owners, international clients, musicians, sports professionals, creatives and private families who need clarity on how the latest UK fiscal changes will impact their income, assets, business structures and long-term planning.From the freezing of income tax thresholds and dividend tax rises, to sweeping changes for non doms, new mansion tax rules, complex shifts in inheritance tax, crackdowns on image rights, updates to salary sacrifice, electric vehicle road charges, property tax reforms, and new rules around trusts, pensions and EMI schemes.If you want to know how the 2025 Budget influences your tax bill, your investments, your business, your estate planning, and your cross-border strategy, this is the episode to start with.UK Budget 2025 Topics Covered: The accidental early release of the Budget report and its market impactBreakdown of the £26 billion in new tax rises and where it’s coming fromThe “Big Freeze” on tax thresholds and why fiscal drag hits middle earners and HNWIs hardestDividend tax increases and what it means for entrepreneurs and OMBs2 percent rises to property income, savings, and rental profit taxesFurther tightening on landlords, SDLT and the push to cool the property marketDeep dive on the new mansion tax (high value council tax charge) and its impact on homeowners across the UKWhat didn’t happen: inheritance tax reform, gift rule changes, and SDLT abolition rumoursMajor updates to business property relief and why farmers are protestingWhat the new rules mean for offshore trusts, relevant property charges and UHNW international familiesBig changes for non doms, FIG regime realities, and the lack of aligned visa pathwaysTougher temporary non-resident rules for company dividendsSalary sacrifice cap and how pension tax planning will shiftMinimum wage and business rate changes hitting hospitality and retailThe end of tax-efficient image rights structures in sport and entertainmentEMI and EIS reforms - one of the few pieces of genuinely positive newsHMRC’s long-term strategy and why the experts expect “years of hissing” aheadKey Moments: 0:00 — Why Budget rumours and speculation damage business confidence1:55 — The accidental early release of the Budget and why it was unprecedented3:35 — Recap of last year’s major changes: CGT, SDLT, non dom regime overhaul4:48 — Government strategy: announce rises early, implement them years later5:30 — How Budget leaks created uncertainty in the property market and wider economy6:54 — £26 billion tax rise explained and government fiscal headroom7:45 — What wasn’t announced: inheritance tax, gifting rules, SDLT reform9:59 — LLP national insurance rumours and why firms were concerned11:40 — Exit tax fears and why many people considered leaving the UK12:45 — FIG regime challenges and the lack of aligned visa routes15:06 — The Big Freeze: tax thresholds frozen for a decade16:21 — Why fiscal drag will push 25% of taxpayers into higher-rate status17:46 — Dividend, savings and rental income tax rises19:30 — How landlords and the property market are being targeted20:54 — The mansion tax: charging homeowners £2.5k to £7.5k based on property value22:04 — Impact on cash-poor but asset-rich homeowners24:02 — Inheritance tax update: transferable £1m business/agricultural threshold26:47 — Family businesses facing difficult succession...

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