AIM chief: It will be painful, but we’ll survive Reeves’ tax raid October 17, 2024 While scrapping the inheritance tax relief on AIM shares would be "unnecessary and painful", London's junior market will survive if the change is implemented, the exchange's chief has said.
‘Broken’ inheritance tax ripe for reform at Budget, think tank says October 17, 2024 The government must reform the UK’s “broken inheritance tax system”, a respected think tank has urged, after fresh research found uncapped exemptions in the current framework means a quarter of estates worth over £10m pay a rate of just nine per cent. The Centre for Analysis of Taxation (CenTax) paper, published on Thursday, revealed the [...]
Introduce inheritance tax bands to make system fairer, think tank says October 14, 2024 Demos said these changes would support the government's objective of lowering the tax burden on working people while also making the system "more progressive".
Fears over capital gains tax hike push business owners to sell up October 11, 2024 The survey showed that 23 per cent of business owners who had fast-tracked their exists did so because they were worried about a capital gains hike.
Prepare to flee London’s AIM if Reeves mounts inheritance tax raid, bank warns October 10, 2024 Companies listed on London’s junior AIM market are being told to prepare to flee the exchange or announce emergency share buybacks amid fears that a punishing inheritance tax raid could trigger a sell-off, Morning Wire has learned. In a letter seen by Morning Wire, one investment bank has urged all of its AIM-listed clients to [...]
Employee Ownership Trusts surge as entrepreneurs seek tax-friendly exits October 7, 2024 The number of UK businesses transferring ownership to employees through Employee Ownership Trusts (EOTs) as business owners seek to preserve their company's ethos.
Financial advisor: Plan for a ‘devastating’ inheritance tax raid September 26, 2024 British families and expats with assets in the UK should act now to mitigate the potential impact of an inheritance tax raid in next month’s Budget, the boss of one of the world’s largest financial advisory firms has warned. Nigel Green, who founded Devere Group in 2002, said the upcoming fiscal announcement was likely to [...]
The Debate: What to do with inheritance tax? September 26, 2024 Inheritance tax, sometimes dubbed ‘Britain’s most hated tax’, currently stands at 40 per cent and is paid on estates worth over £325,000, although there are a range of exemptions which mean only five per cent of deaths are taxed and often at a much lower effective rate. As the Chancellor prepares to review taxes in [...]
Which taxes will Labour hike in the October Budget? September 25, 2024 Kier Starmer has said that those with the "broadest shoulders should bear the heavier burden". So where will Starmer and Reeves turn to raise some extra cash?
‘Pension death tax’ on the cards as Reeves looks to raise cash September 24, 2024 Tom Selby, director of public policy at AJ Bell, said many of the possible reforms come with "significant practical and political challenges".