It looks like the Chancellor is going to have a busy New Year with the Northern Rock crisis and problems over the business community's opposition to the CGT reforms.
Continuing uncertainty over the scope of the Capital Gains Tax reforms have been exacerbated by the Treasury's decision to delay any announcement until the New Year. Whilst uncertainty is never a good thing in any market, we feel that more considered reforms are a step in the right direction. It was obvious that the Treasury had not thought through the reforms properly before and if Alistair Darling needs a few more weeks to properly consult on the tax changes and so come to a better decision, then that is no bad thing.
Rumours of delays until April 2009 and more concessions to serial entrepreneurs abound. However, our view is that it is inevitable that generally higher CGT taxes on business will stick. Particularly hard-hit will be smaller companies who also face an increase in corporation tax from 19p to 22p in the pound in 2009.
Not unsurprisingly, the Tories have moved fast to place bold business tax cuts at the top of their election manifesto.
Seeking an acquirer / strategic partner for this long-established national engineering contractor providing an extensive range of solutions, including specialised fabrication, pipework installation, steelwork and mechanical equipment.
Our client, with a legacy spanning over 35 years, has crafted an exceptional brand and market-leading business in the world of organic wines. Now, due to retirement plans, they are seeking the perfect successor to carry forward their legacy.
Over the past 15+ years, our client has built a successful business providing a range of commercial cleaning and soft services to its contracted and growing client base. Working predominantly within the commercial and industrial sector, our client ma...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.