Private equity in 2021
Capital Gains rise would be taxing for M&A’s
UK private equity deal flow has bounced back in the last three months, with firms scrambling to complete deals before the Chancellor unveils his latest Budget on 3rd March. A forecast hike in Capital Gains Tax (CGT) has sparked concerns about the viability of M&A deals liable for an increased rate of CGT, with entrepreneurs more likely to renege on plans to sell their businesses if they feel short-changed by the new legislation.