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Selling a business, have you considered the tax implications?

21.03.2019

Business

Selling a business is probably the biggest transaction you’ll undertake during your life and most will expect to pay Capital Gains Tax (CGT) at the Entrepreneurs’ Relief (ER) rate of 10%. 

 

Each sale is structured differently and the consideration could be in different forms; some of which may enable you to defer a CGT bill.  But knowing that our tax laws are ever changing, is this a sensible move?

 

Our advice would be to plan ahead to ensure there are no nasty surprises when the disposal takes place and beyond; will you and your business qualify for ER and is your lifetime limit available? 

 

Be aware that;    

 

Lawrence and his friendly team of advisers at CKLG can assist you review the structure of your business prior to its sale, consider ER and support you through the sales process (and beyond). 

 

For advice on exiting a business, please call Lawrence and the team on 01223 810100. 

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