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4) Business Rates The Chancellor confirmed that the 75% discount to business rates which is due to expire in April 2025 will be replaced by a discount of 40% - which applies up to a maximum £110,000 per business. This will see business rate bills for companies almost double.

3) Capital Gains Tax and Business Asset Disposal Relief From April 2025, CGT on solvent company liquidations will rise from 10% to 18% (lower rate) and 18% to 24% (higher rate). BADR will also increase from 10% to 14%, then 18% in 2026, with a lifetime cap of £1M.

𝐓𝐡𝐞 𝐁𝐮𝐝𝐠𝐞𝐭 - 𝐤𝐞𝐲 𝐢𝐧𝐬𝐨𝐥𝐯𝐞𝐧𝐜𝐲 𝐚𝐧𝐝 𝐫𝐞𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐭𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬. The Optimise team takes a look at the key insolvency related takeaways from yesterday’s Budget:

You can find the full article and breakdown of the figures here: optimiseinsolvencyclaims.com/post/england-a…

▪ June 2024 saw the second-highest number of company insolvencies since 2009. ▪ There has been a notable 16% increase from May 2024. ▪ A total of 𝟮,𝟯𝟲𝟭 𝗰𝗼𝗺𝗽𝗮𝗻𝘆 𝗶𝗻𝘀𝗼𝗹𝘃𝗲𝗻𝗰𝗶𝗲𝘀 were recorded for June.

𝗝𝘂𝗻𝗲 𝟮𝟬𝟮𝟰 𝗜𝗻𝘀𝗼𝗹𝘃𝗲𝗻𝗰𝘆 𝗥𝗲𝗽𝗼𝗿𝘁 The latest data from the Insolvency Service for businesses in England and Wales has been revealed. Some key highlights....

The Official Receiver has announced plans to return £280 million to creditors of the Thomas Cook group of companies, the high-street travel chain which went into liquidation in 2019 after last-minute efforts to secure a rescue deal failed. Read more here optimiseinsolvencyclaims.com/post/280-milli…

@OptimiseClaims has extensive experience in supporting high value insolvency claims and a robust approach to assessing the recovery risk to avoid the dreaded “pyrrhic victory”. To learn more visit: optimiseinsolvencyclaims.com

When considering the credibility and economics of claims against directors, the strength of the legal claim and recoverability risk both need careful consideration.

𝗔 𝗹𝗮𝗻𝗱𝗺𝗮𝗿𝗸 𝗷𝘂𝗱𝗴𝗺𝗲𝗻𝘁 𝗶𝗻 𝘁𝗵𝗲 𝗕𝗛𝗦 𝗚𝗿𝗼𝘂𝗽 𝗖𝗮𝘀𝗲, 𝗕𝗨𝗧, 𝘄𝗶𝗹𝗹 𝘁𝗵𝗲 𝗺𝗶𝘀𝗳𝗲𝗮𝘀𝗮𝗻𝗰𝗲 𝘁𝗿𝗮𝗱𝗶𝗻𝗴 𝗰𝗹𝗮𝗶𝗺 𝘄𝗶𝘁𝗵𝘀𝘁𝗮𝗻𝗱 𝗮𝗻𝘆 𝗮𝗽𝗽𝗲𝗮𝗹, 𝗮𝗻𝗱 𝗰𝗮𝗻 𝘁𝗵𝗲 𝗱𝗶𝗿𝗲𝗰𝘁𝗼𝗿𝘀 𝗺𝗲𝗲𝘁 𝘁𝗵𝗲 𝗹𝗶𝗮𝗯𝗶𝗹𝗶𝘁𝗶𝗲𝘀? A Thread.

We offer an upfront payment to purchase claims, cover all legal expenses, and provide a fair, pre-agreed percentage of the final recovery. To find out more contact our team: 📧info@optimiseinsolvencyclaims.co.uk 🌐 optimiseinsolvencyclaims.com

Litigation is costly, presenting Insolvency Professionals with difficult decisions on how to proceed with claims. At Optimise Insolvency Claims, we aim to ease that burden...