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Tax on business sales or reconstructions Selling the business that you have built up can be one of the most difficult things you ever do, emotionally as well as practically. You are carrying on normally and you get an unexpected offer, and suddenly you are having to consider all kinds of questions about the sale, you've got the possible purchaser wanting to look at everything in your books, and you've got the tax planning to do as well. This is probably the biggest deal of your life, and behind it all you're wondering what you're going to do afterwards. It's a time when you need professional advisers who can work for you rapidly and effectively, who are used to dealing with this kind of situation, and who above all can work as a team and keep you in the picture as well. Capital Gains Tax is complicated - but you also have to think about income tax, Inheritance Tax, VAT and Stamp Duty. Passing the business on - within the family or to your workers - is usually more planned and less hectic, but it still needs the right tax planning : tax planning that is designed round what you want to do rather than just being a nifty little plan you have to stick to. I have experience in dealing with all these situations and I hope I can help you over these tricky times. |