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October 30, 2024

Tax hikes and exit relief scheme changes: How the UK Budget will impact startups

Capital gains and carried interest tax increases — but a relief scheme on founder exit earnings isn’t scrapped as feared

Startup founders have been hit by tax rises and changes to a relief scheme on exit earnings up to £1m, as UK finance minister Rachel Reeves announces her first Budget will raise £40bn in taxes. 

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Kai Nicol-Schwarz

Kai Nicol-Schwarz was a senior reporter at Sifted. He covered AI and UK tech.

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