Sunak's £20 Billion Tax Rise Plan Sparks Asset Sell-off Among Wealthy - McDermott Will & Emery

Sunak’s £20 Billion Tax Rise Plan Sparks Asset Sell-off Among Wealthy

Overview


Wealthy individuals are selling off investment portfolios and second homes in fear of massive tax increases rumoured to be in the Chancellor’s Autumn Budget.

Simon Goldring discusses how he is “helping clients make property gifts now, even if there was still a mortgage to pay”, taking advantage of the stamp duty saving and shielding the asset from inheritance tax.

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