Autumn Budget 2024: Capital gains tax hiked October 30, 2024 The maximum rate of capital gains tax will be hiked to 24 per cent, Chancellor Rachel Reeves announced in today’s Autumn Budget. “This means the UK will still have the lowest capital gains tax rate of any European G7 economy,” said Reeves in her speech to Parliament. Currently, higher-rate taxpayers face capital gains tax rates [...]
Sir Martin Sorrell: Tax hikes risk hurting UK productivity October 29, 2024 The government’s potential tax hikes and changes to investment relief could drive capital abroad, discourage hiring and stymie productivity, former WPP chief Sir Martin Sorrell has warned ahead of tomorrow’s Autumn Statement.
Bosses scramble to sell shares amid fears of Budget capital gains tax raid October 29, 2024 UK executives have been “racing to sell shares” at a record rate as fears mount that Chancellor Rachel Reeves will raise capital gains tax at tomorrow’s Budget. Last week, directors sold £29.8m of their companies shares, while only buying £4.1m, leaving a net £25.7m of stocks sold. Meanwhile, over the last month, investors have sold [...]
Business will be looking at where taxes are going, not just where they are October 29, 2024 Tomorrow’s Budget announcements will capture immediate attention, but it’s the tax roadmap that could have the most enduring impact, says Chris Sanger The government’s decision to publish a corporate tax roadmap in this week’s Budget is intended to strengthen the UK’s economic foundations and attractiveness as a destination for capital. This move comes at a [...]
Tech boss warns UK to avoid own goal in Autumn Budget October 29, 2024 The founder and chief executive of a British artificial intelligence (AI) unicorn has urged the government to prioritise innovation in this week’s Budget, warning against policies that could hinder growth for UK tech firms. “I will be watching with huge focus when the Budget is delivered,” Vishal Marria told City AM, adding that “we must [...]
Revolut: US investor tried to scoop up cheap shares with Budget tax warning October 27, 2024 A US private equity firm tried to leverage fears of a capital gains tax raid in the Budget as it sought to grow its Revolut stake at a heavy discount, City AM can reveal, in a move foiled by the City regulator.
Can the government tax its way to a building boom? October 26, 2024 Labour have big plans for house building and infrastructure so what can we expect on property taxes in the Budget? Tim Sarson has the answers Cut through the post-election chatter about black holes and freebies and there is one theme that keeps coming up as a top political priority. Building things. I can’t remember a [...]
Most Brits worried about tax hikes, survey reveals October 25, 2024 With the Budget just less than a week away, a recent survey reveals that most Brits are worried about potential tax hikes, yet the poll highlights a divide on tax strategy. According to a survey by AJ Bell conducted from October 2-4, representing 2,054 UK adults, two thirds of respondents expressed concerns around their personal [...]
Starmer: People who receive income from shares aren’t working people October 25, 2024 Sir Keir Starmer has said that people who get additional income from shares or other assets do not count as 'working people'.
Labour is playing a ‘dangerous game’ with capital gains tax, think tank says October 25, 2024 Currently the rate for higher earners is 20 per cent, but it’s 24 per cent for residential property on secondary homes.