https://big4pm.com/en/insights/Finance laws, UK reforms, recent transactions: our dated, sourced reading of the news that changes owner-managers' decisions.enhttps://big4pm.com/en/insights/france-2027-budget-holding-contribution-gifts-dutreil/https://big4pm.com/en/insights/france-2027-budget-holding-contribution-gifts-dutreil/Fri, 13 Nov 2026 08:00:00 +0000France's 2027 budget bill would make the deferred gain from a contribution of shares to a holding company (article 150-0 B ter) taxable as soon as the holding shares are given away, for transfers made since 1 October 2026. The Dutreil pact is unchanged. On 4 November 2026 the National Assembly rejected the revenue part; the government's text goes to the Senate. Nothing is final yet.https://big4pm.com/en/insights/france-2026-finance-law-holding-company-tax-dutreil/https://big4pm.com/en/insights/france-2026-finance-law-holding-company-tax-dutreil/Fri, 13 Nov 2026 08:00:00 +0000France's finance law for 2026 (law no. 2026-103 of 19 February 2026) creates a 20% tax on certain non-business assets held by passive holding companies, due for financial years ending on or after 31 December 2026. It also lengthens the Dutreil commitment and tightens holding contributions. For many families, the first year-end concerned is weeks away.https://big4pm.com/en/insights/uk-badr-18-percent-bpr-cap-2-5m-april-2026/https://big4pm.com/en/insights/uk-badr-18-percent-bpr-cap-2-5m-april-2026/Fri, 13 Nov 2026 08:00:00 +0000Since 6 April 2026, Business Asset Disposal Relief is charged at 18% (up from 14%) and 100% Business Property Relief applies only to the first £2.5m, transferable between spouses. Above that, relief falls to 50%. For owners of UK companies, the trade-off between selling and passing on the business has changed.https://big4pm.com/en/insights/2026-deals-sale-mbo-minority-lessons-for-owners/https://big4pm.com/en/insights/2026-deals-sale-mbo-minority-lessons-for-owners/Fri, 13 Nov 2026 08:00:00 +0000In 2026, a family sold the group it had controlled for generations, two founders chose two different exits in the same deal, a management team bought out its founder, and IPOs were withdrawn in the Gulf. Each case illustrates a decision our clients face.