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UK founders rush to sell startups ahead of Autumn Budget

13 pointsby barron3510/01/20242 commentsview on HN

Comments

jacobp10010/01/2024

I’m expecting changes to CGT, gambling winnings, pensions for higher (and up) tax rate payers, and IHT

I’d guess the pensions makes sense - you can take money out of an effective 62% tax rate, but you’ll never be paying that sort of tax rate when you withdraw from your pension, so that tax just wouldn’t get paid

IHT has so many exemptions too. The tories would have done better just having a simple system and increasing the threshold. Right now, you can pass a pension down and it’s exempt from IHT, and you already skipped a bunch of tax on it already

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pfsalter10/01/2024

"actively exploring exits" is not the same as "rush to sell". Most startups are actively exploring exits as that's the whole damn point of a startup