Research by Evelyn Partners shows that 29% of UK business owners fast-tracked exits in the last year due to concerns over rising CGT rates and inheritance tax reliefs.
Many business owners expressed that worries about potential increases in Capital Gains Tax are significant enough to influence their decisions to accelerate exit plans.
Concerns around financial limitations and increased capital costs due to rising interest rates also contributed to the rush among business owners to exit their businesses.
Evelyn Partners highlighted that 25% of surveyed owners fast-tracked exits to address personal finance challenges while 24% cited higher costs of accessing capital as factors.
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