Business · 1 hour ago
Healey Halves Tax Relief for Business Owners Selling Up
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Business owners selling their companies will get less tax relief after John Healey halved the Business Asset Disposal Relief threshold from £1m to £500,000 in the Budget. Healey insisted three in four claimants would see no change. The relief cuts capital gains tax for people selling all or part of a business, and the change adds to a series of Budget tax rises on wealth.
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