Selling your business or planning to restructure your assets? With CGT rates rising over the next two tax years, the timing of your decisions could make a big difference to your final tax bill.
What’s changing:
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From April 2025, CGT for higher-rate taxpayers increases to 24% (up from 20%)
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Business Asset Disposal Relief (BADR) will rise from 10% to 14% in April 2025, and then to 18% in April 2026
If you’re eligible for BADR, acting before the changes could save you thousands. Now’s the time to review your plans and speak to your accountant about options like structuring a sale, transferring assets, or bringing forward your exit strategy.
At A&C Chartered Accountants, we’re helping business owners look ahead and make smart decisions now, rather than waiting until the higher rates bite.