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“The fact that the 2020 budget was cancelled in response to the impact of the Covid-19 pandemic could be used as an opportunity to plan for a sale which takes time" - Giles Dunning.
Advisers looking to sell their business should consider doing so before the 2021 budget because next year could see tax rises that reduce the value of sale proceeds or make buying a firm more costly, according to Giles Dunning, a merger and acquisition (M&A) specialist.
Given the levels of government borrowing, public finances need to be repaired and tax rises in the next budget cannot be ruled out, Dunning, who is a partner at law firm Stephens Scown and specialises...
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