CPA Policy Briefing - Budget 2024: Business Property Relief

The UK’s construction plant-hire sector is the backbone of the construction industry. Worth some £14bn to the UK economy, the sector employs over 191,500 people and adds £218 to the UK economy for every £100 directly generated by the plant-hire sector.

Simply, without construction plant, our transport and utility infrastructure, schools, hospitals, homes and infrastructure for renewable energies cannot be built. From clearing ground, digging for foundations and essential utilities, lifting structures, construction plant-hire companies are key to the ongoing success and future of UK construction.

Our Policy Briefing, which can be downloaded below, outlines the concerns of CPA members about the October 2024 Budget and the planned changes to inheritance tax, pensions and Business Property Relief (BPR).