CGT changes herald firm selling bonanza - IFAs

As it currently stands, owners would expect to be taxed 10% when offloading their business but as of April 6, the tax will be raised to 18% across the board. Helm Godfrey managing director Bruce Wilson says selling a business before the CGT is changed is a “no-brainer” for those thinking of cashing in. “It will clearly flush out all those who may be deciding to sell and will accelerate the process,” he says. “I expect lots of activity in the next few months and we will be busy.” Bradbury Hamilton managing director Sheriar Bradbury says the tax increase will make many firms revaluate th...