Entrepreneurs and top earners are reportedly leaving the UK due to fears of an impending increase in capital gains tax (CGT) in the autumn Budget. The uncertainty, particularly around Chancellor Rachel Reeves' intentions, is prompting many to rush transactions or liquidate businesses to avoid higher taxes.
Tom Adcock highlights that just the prospect of a significant CGT rise is influencing current behaviors. Individuals are accelerating transactions to sidestep potential tax increases, which raises concerns about the long-term economic impact of such actions.
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