The first Budget of the new government takes place on 30 October, with radical changes to taxation expected that could affect deals and mergers. “We are desperately trying to get things finished by midnight on 30 October,” said Travel Trade Consultancy director Martin Alcock. He said there was speculation the Treasury was looking at how far it could increase Capital Gains Tax – typically paid when companies are sold – without stifling acquisitions. Currently, profits from the sale of shares in businesses are taxed at up to 20%, much lower…
