Evelyn Partners CEO Geddes warns of 'stifling' CGT change impact

Geddes' words of warning come as the government faces a balancing act in the upcoming 30 October Autumn Budget as it looks to raise tens of billions to plug a public spending gap. A raft of tax and pensions changes are expected, including across inheritance tax (IHT), CGT, and on the pensions tax-free lump sum. In comments shared with PA, Geddes warned that CGT increases could put people off from setting up businesses in the UK and could spur an exodus, with some looking to head abroad. Evelyn Partners surveyed business owners with turnover of over £5m. More than four in ten (46%) sai...