Tax Reforms Threaten Family Businesses

Family-owned businesses, which make up over ninety percent of companies and employ half the workforce, face significant challenges due to proposed tax reforms. The changes to Business Property Relief, introduced by Rachel Reeves, could pull many medium-sized firms into the tax net, leading to job losses and a hit to public finances. With the changes set to take effect in April 2026, theres a strong call for the Treasury to reconsider and consult with the family business sector to ensure policies support, rather than jeopardize, these crucial economic contributors.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.