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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...

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