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I’m currently going through liquidation of my company with the distribution next month. Does this mean I’ll have escaped any mooted CGT changes? I need to know!
The event must be held every year as the precursor to a finance bill, which sets out the government’s tax and spending priorities. That forced Sunak to hold a budget in March this year, just before the financial year ended on 5 April.
I’m currently going through liquidation of my company with the distribution next month. Does this mean I’ll have escaped any mooted CGT changes? I need to know!
First aim will be to inflate it away - only if that fails will tax be tried.
All the kite flying was exaggerated, by definition, but taxes are only heading in one direction. Especially in Autumn 2021/April 2022. Dividend tax, capital gains tax, pension annual allowance and a bunch of stealth taxes and freezing of thresholds. They probably won’t break their manifesto, so the other stuff will need to do the heavy lifting.
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