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

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Sep 27, 2024 · Subsequent’s chief government, Lord Wolfson, has bought a £29m stake within the retail large forward of potential adjustments to the capital beneficial properties tax (CGT) …

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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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Next Boss Sells £29m Stake Before Budget - PressReader

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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 …

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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 …

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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 amids... Close Menu. ...

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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 …

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Sep 28, 2024 · Next CEO sells £29m stake as capital gains tax reforms loom under Ree … Next’s chief executive, Lord Wolfson, has sold a £29m stake in the retail giant ahead of potential …

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

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 CGT increases affect asset sales?

Basic-rate taxpayers face 10% and 18%, respectively. Many investors have been rushing to sell assets before any changes take effect. Duncan Mitchell-Innes of TWM Solicitors noted, “With many expecting CGT increases, we’ve seen a surge in asset sales in recent weeks.” ...

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 next's full-year profits come in £15m higher than previous forecasts?

Earlier this month, Next said it was expecting full-year profits to come in £15m higher than its previous forecasts. Pre-tax profits are set to come in just under £1bn, it suggested, buoyed by stronger sales overseas. ...