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UK Wealthy Rush to Lock In Capital Gains Tax Rates Before Budget

UK Wealthy Rush to Lock In Capital Gains Tax Rates Before Budget

MT newswireMT newswire2026/10/13 23:06
07:06 PM EDT, 10/13/2026 (MT Newswires) -- Wealthy Britons are accelerating asset sales to secure the current 24% capital gains tax rate for higher-rate taxpayers ahead of the government's Oct. 28 budget, Bloomberg reported Tuesday, citing wealth advisers. Advisers said clients are seeking to realize gains before Chancellor of the Exchequer John Healey announces potential tax changes. An August poll of 500 UK business owners by professional services group S&W found 50% would consider leaving the UK if capital gains taxes rise in the budget, Bloomberg reported.
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