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Selling Your Business
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Selling your company or business is an area ripe for tax planning. In this section we include articles that cover how you can reduce your capital gains tax when you sell your business. The new Entrepreneurs Relief is now the most significant relief for business sellers and will need to be considered in detail.
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Using an LLP to maximise Entrepreneurs Relief and reduce capital gains tax
07/11/2008
The new Entrepreneurs Relief provisions provide anyone selling a trading business with a significant reduction in their capital gains tax liability. Many business owners will look to establish businesses using a company but is this always the best structure? This article looks at the advantages of using an LLP in terms of maximising Entrepreneurs Relief and reducing capital gains tax . . . keep reading
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Structuring your business or company prior to a disposal to reduce tax
20/10/2008
When you sell any business you'll be looking at the tax position, and in particular paying as little of it as possible. In addition you'll want to be offering a business that is desirable, not just in terms of profitability, but also in terms of its structure. Any business that is well structured will be looking at a quicker and easier disposal process when compared to one that is structured as an unattractive package. It's therefore in your interests to consider pre sale structuring, and preferably as early as possible. This article looks at the structuring considerations including tax efficiency when you sell your business. . . . keep reading
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Entrepreneurs relief for property developers?
21/04/2008
Entrepreneurs relief is effectively the successor to business asset taper relief and can provide for an effective tax rate of just 10% on certain qualifying disposals. Given this highly attractive rate of tax many non UK domiciliaries will be wondering whether they could qualify for it. This article explains when property developers could qualify. . . . keep reading
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How to maximise entrepreneurs relief on a sale of shares - Part 1
14/03/2008
Entrepreneurs relief is a new capital gains tax relief to apply for disposals after 5 April 2008. It was introduced in part due to the uproar from business owners when the CGT rate was reduced to 18%. To smooth the waters the Government announced this new relief that would allow the effective 10% rate of CGT to still be obtained - subject to a whole host of conditions being satisfied. This article looks in detail at how the relief operates for a sale of company shares. . . . keep reading
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Splitting ownership to maximise entrepreneurs relief
18/03/2008
The fact that the £1,000,000 lifetime allowance for Entrepreneurs Relief purposes is per person means that there could be substantial tax advantages from splitting ownership. This article looks at the tax implications and opportunities from splitting ownership to maximise Entrepreneurs Relief and minimise capital gains tax on a company disposal. . . . keep reading
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Fixing the disposal date before or after April 2008 to reduce your capital gains tax
The changes to the capital gains tax rules that are planned to apply from April 2008 will have a significant impact on anyone planning on selling any assets in the next twelve months. Establishing the date of disposal before or after 6 April 2008 can therefore be very important in reducing your CGT charge. This article looks at the options available to defer or bring forward your disposal date for tax purposes. . . . keep reading
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Should you sell company assets or shares to reduce taxes on the sale of your company in 2008?
For any company owners looking to sell up there are two broad options. Firstly they could sell their shares in the company. Alternatively they could arrange for the company to sell the business and they could then extract the proceeds from the company. Which route they choose will have a significant impact on the amount of tax they will pay. This article looks at the tax effects of these two options in 2008 and how the new CGT rules could impact on the decision. . . . keep reading
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Selling a business or company after the 2008 tax changes
The changes announced in the pre budget report have come as a nasty shock for anyone looking to sell shares in their business or company. The main impact will be an 80% increase in the capital gains tax charge for many business owners. This article looks at the impact of the changes for business or company disposals as well as who will benefit from the new rules. . . . keep reading
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How to
transfer a UK website to an offshore company to reduce tax
It's often the case that a UK individual who owns (either directly or via a company) and operates a UK website (eg a .co.uk website) may look to offshore opportunities to reduce or avoid UK taxes. A common tax planning option would be to transfer the website to an offshore non resident company to avoid UK corporation tax on the profits generated. This article looks at how this can be achieved and what the key pitfalls are. . . . keep reading
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Selling a Business
If you're selling your business or company this is an essential read. The tax at stake could be significant and this book goes through in detail the tax planning opportunities available to you to enable you maximise your net disposal proceeds. It covers lots of issues from straightforward tax reliefs such as taper relief and rollover relief to more complex reconstructions, hive ups and share reorganisations. . . . keep reading
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How to structure your website business or company prior to a disposal to maximise your net proceeds
Ok, you have a very successful website and have now decided to sell it. Just as when you sell any business you'll be looking at the tax position, and in particular paying as little of it as possible. In addition you'll want to be offering a business that is desirable, not just in terms of profitability, but also in terms of its structure. Any business that is well structured will be looking at a quicker and easier disposal process when compared to one that is structured as an unattractive package. It's therefore in your interests to consider this, and preferably as early as possible. This article looks at the structuring considerations including tax efficiency when you sell your website. . . . keep reading
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Selling your company for loan notes to defer tax
When you sell your company there are various ways that you can structure the disposal. In particular the way that you receive the disposal proceeds can have a significant impact on the NET proceeds you receive after all taxed have been paid. This article looks at one aspect of this, namely receiving loan notes in the purchasing company. . . . keep reading
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