In September, U.K. capital gains tax (CGT) receipts hit their highest monthly level since 2008. As the country awaits the imminent Autumn Budget, business owners and investors are sounding the alarm as CGT is expected to rise above 28% for the first time.
While the tax currently affects just 3% of the population, the Chancellor should be more concerned about whether such changes could undermine the U.K.’s status as a global tech hub that attracts some of the world’s best entrepreneurs.
The U.K. has historically been a magnet for entrepreneurs, drawing them in with its unrivaled pools of capital and talent and enticing them to stay through schemes like the Enterprise Investment Schemes (EIS) and Seed Enterprise Investment Schemes (SEIS), which incentivize investment in early-stage U.K. businesses by offering substantial tax relief.
Despite these traditional strengths, the British business ecosystem suffers from critical blind spots in the business support lifecycle. As companies scale beyond early-stage tax relief schemes, founders face a stark cliff edge as…
