English>

Market News

Wealthy sell UK assets amid fears Labour would raise capital gains tax - FT

JULY 03, 2024

Some clients are offloading investments fearing a tax hit from a Starmer government, wealth managers say


Some rich individuals in the UK are selling assets such as shares and property in preparation for an incoming Labour government that they fear would increase capital gains tax, according to several wealth managers.

Financial planners representing wealthy people told the Financial Times that some clients, from corporate chief executives to business entrepreneurs, were already offloading investments.

https://www.ft.com/content/34d...https://www.ft.com/content/34d...

SEE HOW MUCH YOU GET IF YOU SELL

NGN
This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services
Real Time Analytics