Britain's Healey plans income tax on family business transfers, Telegraph says

​British finance ​minister ‌John Healey is ​drawing up plans to ‌charge income tax on transfers of family businesses to ‌the next generation ahead ‌of the October 28 budget, the Telegraph newspaper said ⁠on ​Sunday. Transfers ⁠of family businesses can now ⁠be structured so they attract ​capital gains tax, which ⁠is charged at a ⁠lower ​rate.

Britain's Treasury office did not immediately ⁠respond to a request for ⁠comment ⁠outside business hours.