Business owners have been racing to sell their companies in order to beat the
hike in CGT.
Private equity group NBGI has sold Hamworthy Heating, a maker of boilers for
commercial property, has been sold for £35m to Atlantic, a French conglomerate.
The move will save around £2m in tax,
Sunday Times reported.
Sir Ken Morrison has also moved to restructure his affairs, rearranging his
£1bn stake in the company into trust arrangements.
QinetiQ chairman Sir John Chisholm has also transferred more than £17m of
shares into a family trust, the paper said.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states