Business · 3 hours ago

Healey Considers Income Tax on Family Business Handovers

Chancellor John Healey is considering taxing family firms passed from parents to children as income rather than capital gains, according to the Telegraph. The change could raise the effective rate on such transfers from about 24% to as much as 45%, adding hundreds of thousands of pounds to bills on larger businesses. No decision has been announced ahead of his first Budget on 28 October.

By BriefTea Editorial · 19 October 2026 at 10:34

Reported by The Telegraph · How we write briefs

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