By the time that new Chancellor Rachel Reeves delivered the Labour government’s first Budget in late October, most had generally come to terms with the fact that there would be significant tax increases for businesses – and so it proved.
For entrepreneurs and business owners, the most notable change was an increase in Capital Gains Tax (CGT), which will rise from 10 per cent to 18 per cent at the lower rate and 20 per cent to 24 per cent at the higher rate. These changes came into effect immediately, meaning that the new rates apply to any disposals made on or after October 30 2024.Discover the chance to acquire a reputable RICS-regulated expert witness agency in the chartered surveying sector. The company's main focus is on property-related disputes and claims.
This reputable car servicing and MOT testing company, located near a bustling city centre, is equipped with state-of-the-art technology and has a strong presence in the market with potential for expansion into the electric vehicle sector.
This is a unique opportunity to acquire a well-established scaffolding supply business in Scotland, offering comprehensive services and working with blue-chip clients across various industries.
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