Buy-out firms in tax concerns
Capital gains tax and non-dom crackdown worries combine to add to private equity's concerns for the year ahead.
Buy-out firms are concerned about the growing tax burden, as well as being
prepared for reduced returns this year.
The firms are facing a tax hits from the changes to capital gains tax, and
senior executives who are non-doms could also see their individual tax bills
rise.
The changes are expected to make the UK a less attractive location for
private equity chiefs, according to nearly half the respondents in a survey by
Simmons & Simmons and
Private Equity
News.
Further Reading:
Read the
survey (subscription required)