Capital Tax Planning
As with all business and tax matters, careful planning in advance can protect or secure reliefs and ensure you receive the best outcome from any transaction.
One of the most common issues relates to one of the most valuable tax reliefs available – Entrepreneurs Relief – which is often assumed to apply when selling a business without proper reference to qualifying rules and the impact of non-business assets.
Similarly, ensuring you can benefit from business property relief in respect of your business assets when considering the possible Inheritance Tax liability arising on an Estate makes a material impact on the value to be inherited.
We work with business owners on day-to-day capital transactions in the business (property sales, goodwill acquisition/disposal etc.), as well as retirement and death planning for the owner to help ensure the best outcomes.