The Government cancelled the Autumn Statement this week providing a welcomed sense of relief to business owners looking to sell. A small window of opportunity now exists to sell before the predicted threat of increased Capital Gains Tax (CGT) rates.
Following changes to the Entrepreneurs’ Relief scheme announced in March 2020 and the increased public spending during the COVID-19 crisis, the Government was expected to announce an increase in CGT with potential alignment of CGT rates with income tax rates. This would have meant that shareholders selling a business would be taxed at up to 45% for a disposal rather than the current rates of up to 20%.
Cancellation of the Autumn Statement has given business owners the benefit of a few more months to take advantage of one of the lowest tax regimes entrepreneurs and business owners have ever enjoyed. Therefore, if you are contemplating a transaction in the short to medium term, whether it is a full or partial exit, there is a strong case to investigate bringing this forward and concluding a transaction within the current tax regime in advance of the next Budget.
In addition to cancelling the Autumn Statement, the Government has also announced new support measures for businesses suffering from the COVID-19 crisis including an extension of the Coronavirus Business Interruption Loan Schemes application deadline until 30th November 2020 and a new job support scheme. You can find more information here.
Please feel free to contact our team to discuss your particular circumstances if you require assistance with acquisitions,disposals or fundraisings.
The Government cancelled the Autumn Statement this week providing a welcomed sense of relief to business owners looking to sell. A small window of opportunity now exists to sell before the predicted threat of increased Capital Gains Tax (CGT) rates.
Following changes to the Entrepreneurs’ Relief scheme announced in March 2020 and the increased public spending during the COVID-19 crisis, the Government was expected to announce an increase in CGT with potential alignment of CGT rates with income tax rates. This would have meant that shareholders selling a business would be taxed at up to 45% for a disposal rather than the current rates of up to 20%.
Cancellation of the Autumn Statement has given business owners the benefit of a few more months to take advantage of one of the lowest tax regimes entrepreneurs and business owners have ever enjoyed. Therefore, if you are contemplating a transaction in the short to medium term, whether it is a full or partial exit, there is a strong case to investigate bringing this forward and concluding a transaction within the current tax regime in advance of the next Budget.
In addition to cancelling the Autumn Statement, the Government has also announced new support measures for businesses suffering from the COVID-19 crisis including an extension of the Coronavirus Business Interruption Loan Schemes application deadline until 30th November 2020 and a new job support scheme. You can find more information here.
Please feel free to contact our team to discuss your particular circumstances if you require assistance with acquisitions,disposals or fundraisings.
Our international network ICFG is delighted and proud to announce the new membership of India based Pantomath Group to the network, strengthening the global reach of ICFG, as well as broadening international opportunities for the Mumbai head-quartered investment bank.
Pantomath Capital Advisors Private Limited (‘Pantomath Capital’), the Group’s investment banking arm, is SEBI-registered investment bankers, providing a broad array of financial services and products across India. Founded in 2013, with the objective of promoting the development of the entire financial ecosystem of emerging businesses, Pantomath Capital has emerged as India’s leading investment bankers. With a strong, competent presence in investment banking, backed by strong transaction & corporate advisory, the Group has expanded into fund management and also recently formed a Non-Banking Financial Company (NBFC).
With one of the largest investment banking teams in India, Pantomath management is led by a professionally qualified and versatile think-tank. Drawing on this experience, Pantomath teams assist clients with raising equity capital through IPOs, Private Equity, Strategic Investments, Mergers & Acquisitions, Valuations & fairness opinions, Buy-backs, Public offers and Strategic Growth Advisory. Pantomath Group has an impeccable track record of completing transactions and supporting ambitious entrepreneurial businesses, completing over 100 transactions in the last 6 years. Pantomath Group has a direct network of more than 5000 businesses, capturing a diverse set of opportunities across sectors.
Headquartered in Mumbai, the Group has offices in Ahmedabad and Pune, as well as representative offices in Chandigarh, Hyderabad, and Kolkata. Pantomath has to its credit several prestigious awards and accolades and has set several unmatched milestones such as raising the highest amount of funds for emerging companies in Indian alternate capital market space. ICFG and Pantomath Group are both excited at the opportunities this partnership will bring to all parties, with more cross-border deals and collaborations moving forward. ICFG is very much looking forward to formally welcoming the newest member to the network later in the year at their Autumn Conference.
Mahavir Lunawat, Group Founder commented:
“We are delighted to be a part of ICFG member network Group. We congratulate all the member firms for the legacy of successful deal closures across the globe, backed by extensive domain experience. We believe that, with this new partnership, Pantomath can help deserving Indian businesses get on global map, explore global financing solutions and strategic partnership opportunities. Alongside, many global investors keen for investments and/or partnership with Indian businesses could benefit by capitalising on Pantomath’s PAN India reach. We do look forward to this long term association and exploring synergies.”
Christophe Pothier, Chairman of ICFG commented:
“We are very proud to welcome Pantomath to ICFG, a very high standard team who will help us in offering a high quality corporate finance service to the clients of our members and confirm our willingness to establish our organization where it matters; the Indian subcontinent is definitely a place to be and understand for all international firms.”
Our international network ICFG is delighted and proud to announce the new membership of India based Pantomath Group to the network, strengthening the global reach of ICFG, as well as broadening international opportunities for the Mumbai head-quartered investment bank.
Pantomath Capital Advisors Private Limited (‘Pantomath Capital’), the Group’s investment banking arm, is SEBI-registered investment bankers, providing a broad array of financial services and products across India. Founded in 2013, with the objective of promoting the development of the entire financial ecosystem of emerging businesses, Pantomath Capital has emerged as India’s leading investment bankers. With a strong, competent presence in investment banking, backed by strong transaction & corporate advisory, the Group has expanded into fund management and also recently formed a Non-Banking Financial Company (NBFC).
With one of the largest investment banking teams in India, Pantomath management is led by a professionally qualified and versatile think-tank. Drawing on this experience, Pantomath teams assist clients with raising equity capital through IPOs, Private Equity, Strategic Investments, Mergers & Acquisitions, Valuations & fairness opinions, Buy-backs, Public offers and Strategic Growth Advisory. Pantomath Group has an impeccable track record of completing transactions and supporting ambitious entrepreneurial businesses, completing over 100 transactions in the last 6 years. Pantomath Group has a direct network of more than 5000 businesses, capturing a diverse set of opportunities across sectors.
Headquartered in Mumbai, the Group has offices in Ahmedabad and Pune, as well as representative offices in Chandigarh, Hyderabad, and Kolkata. Pantomath has to its credit several prestigious awards and accolades and has set several unmatched milestones such as raising the highest amount of funds for emerging companies in Indian alternate capital market space. ICFG and Pantomath Group are both excited at the opportunities this partnership will bring to all parties, with more cross-border deals and collaborations moving forward. ICFG is very much looking forward to formally welcoming the newest member to the network later in the year at their Autumn Conference.
Mahavir Lunawat, Group Founder commented:
“We are delighted to be a part of ICFG member network Group. We congratulate all the member firms for the legacy of successful deal closures across the globe, backed by extensive domain experience. We believe that, with this new partnership, Pantomath can help deserving Indian businesses get on global map, explore global financing solutions and strategic partnership opportunities. Alongside, many global investors keen for investments and/or partnership with Indian businesses could benefit by capitalising on Pantomath’s PAN India reach. We do look forward to this long term association and exploring synergies.”
Christophe Pothier, Chairman of ICFG commented:
“We are very proud to welcome Pantomath to ICFG, a very high standard team who will help us in offering a high quality corporate finance service to the clients of our members and confirm our willingness to establish our organization where it matters; the Indian subcontinent is definitely a place to be and understand for all international firms.”
