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.
