Budget Response: ICT M&A market to withstand cut in entrepreneurs' relief 

The strength of the ICT sector's M&A market will counterbalance the Chancellor's reduction of entrepreneurs' relief to £1m over a lifetime, announced in yesterday's Budget, according to Knight Corporate Finance Director Paul Billingham.

“While it was predicted, it is nonetheless disappointing to see the significant changes to entrepreneurs' relief," he stated. 

"However, with a large range of trade buyers and private equity investors in the sector, competition for well run ICT resellers has never been stronger.

"So while there may be more tax to pay for business owners, this can be offset by higher business valuations.”

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