The sale of your business,
possibly leading to retirement, can be one
of the most important transactions you ever
undertake. It can also be a very emotional
experience, particularly if you are selling
a business which you set up from scratch and
have built up over many years. Ensuring that
the minimum amount has to be paid in tax is
very important as it is the net, after tax,
proceeds which will be available for the future.
There are various reliefs
available which can reduce the impact of taxation
on the sale price of the business. All these
reliefs require a number of conditions to
be satisfied before the relief can be obtained.
Some of these are easy to break. Often it
is just as easy to ensure that they are not
broken provided the whole situation is considered
carefully in advance.
The phasing out of
Capital Gains Tax Retirement Relief and the
introduction of Business Assets Taper Relief
mean that during the transitional period the
timing of the disposal is even more important.
Make use of our expertise to ensure you maximise
your after tax proceeds.
