Business · Companies · 19 hrs ago
Healey announces capital gains tax break for start-up founders
Healey announced a capital gains tax cut for start-up founders.
The change involves people who create start-ups and owners of established businesses who sell their stakes.
Capital gains tax is charged on profits made when assets, including businesses, are sold.
The new rate for entrepreneurs is 10%, and one headline says it applies to their first £10 million.
At the same time, owners of established businesses who cash out will pay more tax.
The change is intended to fund the tax break, though the available details do not say when it takes effect or how much more established business owners will pay.
Healey announced a lower capital gains tax rate for creators of start-ups.
The announcement also included higher tax payments for owners of established businesses who sell out.
The Times headline said entrepreneurs would receive a tax break on their first £10 million.
Bloomberg’s headline described the new rate as 10%.
This is Money said the changes included a £300 million raid on entrepreneurs to fund the break.
- Who
- Healey announced the changes. They affect start-up founders and owners of established businesses who sell out.
- What
- A lower capital gains tax rate was announced for start-up creators, alongside higher payments for owners of established businesses who cash out.
- When
- 28 October 2026.
- Where
- Not stated.
- Why
- This is Money said the changes were intended to fund a fresh tax break for start-up founders.
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This story does not have a timeline yet.
- Announced by
- Healey
- Announcement date
- 28 October 2026
- New rate
- 10%, according to Bloomberg’s headline
- Tax break limit
- First £10 million, according to The Times headline
- Funding figure
- £300 million, according to This is Money’s headline