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From April 2017 there will be an additional residence nil-rate band worth up to £175,000 per individual (£100,000 in 2017/18, £125,000 in 2018/19, £150,000 in 2019/20, and £175,000 in 2020/21), with the unused residence nil-rate band of a deceased spouse or civil partner being available to the surviving spouse.
This year’s Autumn Statement from George Osborne has seen a dramatic U-turn on tax credits helping to quell negative political feedback on a measure that was always more of a timing issue as the Universal Credit was introduced.
The capital allowances annual investment allowance (AIA) will be £200,000 from 1 January 2016.  The limit is expected to remain at this level and is much higher than the £25,000 limit previously expected, although not as generous as the £500,000 limit applying up to 31 December 2015.

Future restrictions to tax relief on interest in residential rental businesses