UK landed estates warn Budget tax changes will ‘kill off’ business

Nederland Nieuws Nieuws

UK landed estates warn Budget tax changes will ‘kill off’ business
Nederland Laatste Nieuws,Nederland Headlines

Owners of historic houses hit out at changes to inheritance tax and national insurance

Owners of some of the UK’s historic houses and landed estates have warned that tax changes in Rachel Reeves’ Budget will “kill off” the farming and heritage businesses they run. In her first fiscal event last week, the chancellor increased the rate and cut the threshold of employers’ national insurance contributions.

James Hervey-Bathurst, who inherited Eastnor Castle in Herefordshire, near the Welsh border, from his mother in 1988, said his family would “be having to allocate cash to pay tax which would otherwise go into the business” in anticipation of inheritance tax. Hervey-Bathurst opens Eastnor, which was built in 1812, for weddings, filming and corporate hire. “What the government should recognise is that we pay a lot of tax as we go along,” such as NI and VAT, he added.

 

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Business owners look to leave UK if Budget contains capital gains tax riseBusiness owners look to leave UK if Budget contains capital gains tax riseThe Chancellor could increase capital gains tax to at least 28 per cent, if not higher, experts have predicted
Lees verder »

Business owners in Dereham display mixed reaction to BudgetBusiness owners in Dereham display mixed reaction to BudgetThe BBC visits a pub in Dereham to hear from local business people what they thought of the Budget.
Lees verder »



Render Time: 2025-01-10 10:02:00