Next boss sells £29m stake ahead of Reeves’s capital gains raid

Next chief executive Lord Wolfson has sold a £29m stake in the high street giant ahead of an anticipated capital gains tax (CGT) raid in the Budget next month.

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Next Boss Sells £29m Stake Ahead Of Reeves’s Capital Gains Raid

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Next chief executive Lord Wolfson has sold a £29m stake in the high street giant ahead of an anticipated capital gains tax (CGT) raid in the Budget next month.

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Next Boss Lord Wolfson Sells £29m Of Stock In The High Street …

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Sep 29, 2024 · News of the sale sent Next’s share price down 3.5 per cent, although it’s risen by 21.24 Next’s chief executive has sold £29m worth of shares in the FTSE 100 fashion and …

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Next CEO Sells £29m Stake As Capital Gains Tax Reforms Loom Under …

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Sep 27, 2024 · Next’s chief executive, Lord Wolfson, has sold a £29m stake in the retail giant ahead of potential changes to the capital gains tax (CGT) system, expected in Chancellor …

goldmedalsinvestment.com

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Next CEO Sells £29m Stake As Capital Gains Tax Reforms Loom Under …

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Sep 27, 2024 · > Next CEO sells £29m stake as capital gains tax reforms loom under Reeves. Business ...

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Next Boss Sells £29m Stake Ahead Of Reeves’s Capital Gains Raid

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Sep 28, 2024 · Next chief executive Lord Wolfson has sold a £29m stake in the high street giant ahead of an anticipated capital gains tax (CGT) raid in the Budget next month. Lord Wolfson, a …

etodaystart.com

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Next CEO Sells 29m Stake As Capital Gains Tax Reforms Loom Under …

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Sep 27, 2024 · Next's Lord Wolfson sells a £29m stake ahead of potential capital gains tax changes in Rachel Reeves’s first Budget. ... Business; Economy; Society & Culture; Lifestyle; …

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Bosses Cash In Shares To Avoid Capital Gains Tax Raid

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Oct 7, 2024 · Executives at Britain’s biggest companies have sold more than £1billion of shares ahead of an anticipated capital gains tax raid by Chancellor Rachel Reeves. Shareholders at …

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Next Boss Lord Wolfson Sells £29m Of His Shares In The Retailer

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The boss of Next has sold £29 million of his stock in the FTSE 100 fashion and homewares chain.Lord Wolfson of Aspley Guise offloaded 290,000 shares, leaving him with about 950,000 …

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Next Boss Sells £29m Stake Before Budget - PressReader

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Sep 28, 2024 · Next boss sells £29m stake before Budget 2024-09-28 - By Hannah Boland NEXT chief executive Lord Wolfson has sold a £29m stake in the high street giant ahead of an …

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Next CEO Sells £29m Stake As Capital Gains Tax Reforms Loom Under …

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Sep 27, 2024 · Next's Lord Wolfson sells a £29m stake ahead of potential capital gains tax changes in Rachel Reeves's first Budget. Investors brace for tax hikes amidst record CGT …

thebusinesseconomic.com

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Bosses Cash In £1bn To Avoid A Reeves Capital Gains Tax Raid

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Oct 5, 2024 · Executives at Britain’s biggest companies have sold more than £1bn of shares since the election was called, ahead of an anticipated capital gains tax raid by Rachel Reeves.

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Next CEO Sells £29m Stake As Capital Gains Tax Reforms Loom Under …

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Sep 27, 2024 · Next’s chief executive, Lord Wolfson, has sold a £29m stake in the retail giant ahead of potential changes to the capital gains tax (CGT) system, expected in Chancellor …

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Bosses Cash In To Avoid Reeves Capital Gains Tax Raid

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Oct 6, 2024 · Britain’s biggest companies in ‘mad scramble’ to sell £1bn of shares before the Chancellor’s Budget 2024-10-06 - By Michael Bow EXECUTIVES at Britain’s biggest …

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Register A Company | Abell Company Registration Services

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Sep 28, 2024 · Next’s chief executive, Lord Wolfson, has sold a £29m stake in the retail giant ahead of potential changes to the capital gains tax (CGT) system, expected in Chancellor …

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Why A Capital Gains Raid May Be The Economic Boost The …

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Aug 28, 2024 · On paper, raising capital gains is an attractive option. The tax was paid by just 369,000 people in the 2022-23 tax year, raising £14.4bn, according to HMRC. It means each …

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Capital Gains Raid By Reeves Risks Costing Taxpayer £2bn - Yahoo …

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Aug 22, 2024 · A capital gains tax raid by Rachel Reeves would risk backfiring and costing the Treasury £2bn, according to officials’ own analysis.

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Reeves Hints At Capital Gains Tax Raid Amid Scramble To Plug £20bn ...

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Aug 6, 2024 · Rachel Reeves has refused to rule out a capital gains tax raid on savers and investors a week after she warned of “difficult decisions” on tax in October’s Budget.

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FAQs about Next boss sells £29m stake ahead of Reeves’s capital gains raid Coupon?

Will Rachel Reeves raid capital gains tax?

Rachel Reeves has refused to rule out a capital gains tax raid on savers and investors a week after she warned of “difficult decisions” on tax in October’s Budget. The Chancellor said the tax burden “has got too high” under the Conservatives, but left the door open to increasing the charge levied on capital gains. ...

Why did Lord Wolfson sell a £29m stake in next?

Next chief executive Lord Wolfson has sold a £29m stake in the high street giant ahead of an anticipated capital gains tax (CGT) raid in the Budget next month. Lord Wolfson, a Conservative peer, sold 290,000 shares in Next between last Friday and Tuesday of this week, with the shares worth a total of £29.2m, according to new filings. ...

Will Rachel Reeves target capital gains tax?

It comes as Rachel Reeves is expected to target capital gains tax in her maiden Budget next month, potentially even equalising it with income tax where higher earners pay 40pc or 45pc. Higher-rate taxpayers are charged 24pc on profits made from the sale of second properties and 20pc for other assets. ...

Will the Chancellor launch a capital gains tax raid?

It comes amid mounting speculation that the Chancellor could launch a capital gains tax raid when she delivers her maiden Budget on Oct 30. Capital gains is paid when shares are sold and is currently levied at a rate of 20pc on any profit. ...

Will Rachel Reeves increase tax?

Wolfson last sold shares in January this year and before that in November 2020. Top slicing is undertaken to mitigate a higher rate of income tax. Rachel Reeves is widely expected to increase taxes in the Government’s inaugural budget, which the Prime Minister has warned will be “painful” and focused on those with “the broadest shoulders”. ...

Should Reeves eliminate CGT reliefs?

The IFS believes Reeves should eliminate the myriad of CGT reliefs, including a lower rate for people who sell their businesses, known as Business Asset Disposal (BAD) relief, and a quirk in the system that means when a person dies there is no CGT liability on any unrealised gains on assets held. ...