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Breaking News 🗣📢 The Government's 2024 Budget Just Dropped – Here’s the Outcome for Business Owners and shareholders… First off, there are increases, as expected, but they are relatively small so many people will feel a lot more relaxed. Plus, founders have a window between now and April 2025. I would like to express a massive thank you to the startup community! Over the past few weeks, you’ve come together to show just how powerful advocacy can be. By raising awareness of the critical role Business Asset Disposal Relief plays, you've highlighted how essential it is for motivating entrepreneurs to build businesses, create jobs, and drive innovation across the UK. Your efforts have underscored the impact of policies announced a few minutes ago that will hopefully create many more exited founders who can then re-invest into the local ecosystem! Here are the key highlights for business owners and shareholders: ✨ Business Asset Disposal Relief: It is *NOT* being scrapped! The fear mongering headlines in the media were not helpful but likely used to gauge reaction. However, there are upcoming changes: The current 10% rate will remain on the first life time limit £1 million of exit proceeds until April 2025. Following this, the rate will increase to 14%, with plans for a further increase to 18% by April 2026. For exit proceeds above £1 million, the standard Capital Gains Tax rate will immediately apply as of today—increasing from 20% to 24%. 💼 Enterprise Investment Schemes: Extended until 2035 to foster innovation and build a positive environment for business growth and investment into early stage companies. 🏢 Residential Property: No changes here—existing measures remain intact. These measures are projected to raise £2.5 billion by the end of the forecast period. There are going to be more business owners seeking to sell between now and April 2025. For those interested in selling in the near or long term, enquire today for a confidential discussion. Each client is assigned an expert team and AI agent to optimise their route to an exit. It would be great to hear your thoughts on these changes in the comments below. Repost and like to share with your network👇 Disclaimer: This post is for informational purposes only and does not constitute financial advice. Please conduct your own research and consult a qualified financial advisor for advice specific to your circumstances. #LabourBudget2024 #Entrepreneurship #M&A #CapitalGains #UKBusiness #Startups #TaxReform #WealthCreation #Innovation