Gov’t Consults On Tax Hikes For Fund Managers,Non-Doms

Chancellor Rachel Reeves said on Monday that an autumn Budget planned for Oct. 30 will include feature selected tax rises, a warning accompanied by strong hints from HM Treasury that fund managers and non-domicile taxpayers could take a bigger hit.

Matthew Spencer recently shared his insights in Law360:

Efficiencies and reducing tax avoidance/evasion
can only go so far, and I now believe capital gains tax rates will be increased."

it will be interesting to see whether tax revenues increase, or revenues actually fall because of large numbers of people putting off sales of shares or property."

Please click here to view the full article in Law360, published on 29 July 2024 (subscription required).