GAP Group’s Douglas Anderson appeared on GB News to discuss the proposed changes to Business Property Relief and the serious implications for family businesses across the UK.
Interviewed by Camilla Tominey, Douglas explained that the policy would impose a 20% tax on assets passed within family businesses, leaving successors facing tax bills they cannot feasibly pay. As he warns, this could force distressed sales to foreign-owned or private equity firms, rather than keeping these businesses in family ownership.
Family Business UK estimates the changes could actually REDUCE Treasury tax receipts by £1.9bn, cut gross value added by £14.8bn, and cost 208,000 full-time equivalent jobs.
You can watch the full interview below.
