The Budget lever Healey could pull to tax family business succession Tax Thousands of family businesses could face being priced out of passing their business down to their offspring should Chancellor John Healey to use his maiden Budget to clamp down on a little-known rule making it easier for firms to transfer ownership. Treasury officials have been mulling an overhaul of so-called company distribution rules that would [...]
Financial advisers feel the effects of Reeves’ final tax raid as Healey’s Budget looms Personal Finance Financial advisers are feeling the effects of Rachel Reeves’ final Budget, as families brace for billions of pounds of tax rises regardless of what chancellor John Healey announces at the despatch box later this week. From April next year, the sweeping shake up to the tax system announced by Reeves in 2025 will come into [...]
Wealthy investors accelerate gifting amid fears of Budget tax raid Personal Finance Wealthy Brits are accelerating plans to gift money to family members as fears over possible tax changes in the looming Autumn Budget grow. Over 40 per cent of wealthy investors with an average wealth of £3.1m, said they have already gifted money or are seriously considering doing so over Budget worries, according to fresh analysis [...]
‘Disaster’: Advisers raise the alarm on family business tax raid October 19, 2026 John Healey’s potential tax raid on family businesses could make handing down companies to the next generation a “disaster” and damage the economy, advisers have warned. The Chancellor is reportedly considering proposals to levy income tax when business owners hand down to their children, potentially almost doubling the bill. Under current rules, transfers can be [...]
Healey rejects calls to equalise capital gains and income tax rates October 13, 2026 Chancellor John Healey has reportedly rejected calls by senior Labour figures to raise capital gains tax to the same levels as income tax, after warnings that an increase would harm Britain’s appeal to investors. Several senior cabinet ministers have in recent months called for capital gains tax (CGT) to be equalised with income tax in [...]
Autumn Budget: Healey weighs slashing fiscal headroom to reduce tax hikes September 24, 2026 Chancellor John Healey is debating accepting a smaller fiscal buffer in order to reduce tax hikes in next month’s Autumn Budget. The Treasury and No 10 are in active discussions over whether to set a lower buffer in the Budget than the Office for Budget Responsibility set in March, according to reports in the Financial [...]
HMRC mansion tax inspectors to target homes for property valuations August 23, 2026 HMRC will send mansion tax inspectors to homes across the UK to determine whether homeowners should pay more tax under the new levy. The taxman will deploy valuation agents who will be able to demand entry to properties in order to assess whether they are worth over £2m and therefore fall under The High Value [...]
Magners owner hits out at Reeves as hospitality crisis hits sales May 19, 2026 The maker of Magners and Bulmers cider missed its profit and revenue targets this year, blaming Rachel Reeves’ Budget and the “financial stress” it caused pubs and bars. C&C Group, which also owns the Orchard Pig and Jubel brands, said it is seeing resilient demand for cider and beer but plummeting sales of high-alcohol drinks [...]
London luxury property market extends slump as Iran war knocks confidence March 19, 2026 London’s luxury property market continued its slump in February as market confidence took a hit from the Iran war just as it began to recover from last year’s Budget. There were 31 per cent fewer sales for prime properties – which defines those in the top five per cent of the market – this February [...]
John Lewis boss: Labour must keep pledge to reform business rates March 12, 2026 Labour must honour its manifesto promise to fundamentally reform the business rates system, John Lewis boss Jason Tarry has said. The retail chairman said the changes at last year’s Budget were positive for retail but offered a “short-term” fix to a system which unfairly disadvantages physical retailers as opposed to online shops. Chancellor Rachel Reeves [...]