{
  "id": 15672159,
  "title": "Wealthy investors accelerate gifting amid fears of Budget tax raid",
  "url": "https://urgent.news/2026/10/19/wealthy-investors-accelerate-gifting-amid-fears-of-budget-tax-raid",
  "topic": "world",
  "section": "World",
  "published": "2026-10-19T23:01:00.000Z",
  "source": {
    "name": "City AM",
    "slug": "city-am",
    "url": "https://www.cityam.com/wealthy-investors-accelerate-gifting-amid-fears-of-budget-tax-raid/"
  },
  "original_language": "en",
  "account": "Wealthy British investors are rushing to gift assets to family members as concerns mount about potential tax increases in the upcoming Autumn Budget, according to a new analysis by Wealth Club. Over 40% of the surveyed high-net-worth individuals, who possess a combined wealth of £3.1m on average, either have already gifted money or are considering doing so due to fears over the Budget. These concerns center around potential tax hikes on savings and investments, with 63% of respondents expressing worry about increased tax bills.\n\nAccording to Wealth Club founder Alex Davies, these investors are clearly concerned about the potential for larger tax bills following the Budget and are taking steps to minimize their liabilities accordingly. The analysis specifically highlights fears surrounding potential increases in capital gains tax and inheritance tax (IHT). Chancellor Jeremy Healey has been said to have rejected calls to raise capital gains tax to the same level as income tax but is reportedly considering a tax on family businesses, which could nearly double the tax burden for owners transferring their companies to the next generation. This proposal would effectively replace the existing capital gains tax with an income tax system.\n\nWealth Club's research reveals that investors are exploring various ways to circumvent potential tax changes. Nearly 30% of respondents plan to draw from their pension funds, while 29% intend to invest in tax-efficient vehicles like Individual Savings Accounts (ISAs). Some are postponing investments until after the Budget, and approximately a quarter have sold off investments and assets, such as property or cash, to reduce their tax exposure. Davies cautioned that if the Chancellor opts to hike revenue, wealthy Brits will continue to seek ways to avoid large tax bills, potentially leading to reduced investment and adverse effects on business growth and the economy.",
  "summary": "Wealthy Brits are accelerating plans to gift money to family members as fears over possible tax changes in the looming Autumn Budget grow. Over 40 per cent of wealthy investors with an average wealth of £3.1m, said they have already gifted money or are seriously considering doing so over Budget worries, according to fresh analysis [...]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}