Research into more than 21,000 solvent company liquidations reveals a rush to close businesses before changes to Capital Gains Tax, with activity falling by as much as 94 per cent immediately afterwards
Thousands of British business owners have rushed to close their companies ahead of tax increases, with solvent liquidations surging to nearly seven times their normal level before collapsing by 94 per cent immediately afterwards, new research has found.
The findings come just days before the Autumn Budget on 28 October, raising questions about whether uncertainty over future tax changes could trigger another rush among company shareholders.
Manchester-based insolvency firm Clarke Bell analysed 21,839 Members’ Voluntary Liquidation (MVL)…