Experience shows that, even if you are not currently planning to sell your business, it is wise to keep one eye on your exit strategy.
Owner managers will typically look to exit effectively with the minimum degree of tax leakage which tends to require considering planning well in advance.
Business Asset Disposal Relief (formerly Entrepreneurs’ Relief) can result in exit proceeds on the sale of shares being subject to capital gains tax at a rate of 10%. However, the legislation includes a number of traps for the unwary which can result in disposals being ineligible for relief. We are here to assist you to obtain, preserve and maximise this valuable relief.
The team at Stevens & Bolton is able to work with you in order to maximise the availability of tax reliefs from both capital gains tax and inheritance tax.
Additionally we can support you in agreeing the most tax efficient deal structures when negotiating with potential purchasers.