PAGES: 184
ISBN: 9781907302275
STATUS: IN STOCK
Selling Your Business
How to Pay the Minimum Tax and Boost Your Profits
Selling a business requires careful tax planning. Get it right and you will reduce or even eliminate your capital gains tax and income tax bills. Get it wrong and you could end up paying a large chunk of your profits to the taxman.
This unique selling a business guide tells you everything you need to know about paying less tax when you sell your business. The latest edition has just been published (July 2010) and is completely up to date.
Recent changes to capital gains tax, income tax and corporation tax have important implications for the amount of tax you will pay when you sell your company or business. This book explains exactly what these changes are, how they will impact the sale of your business AND crucially what you can do to reduce your tax liability.
The guide also contains full details of the new Entrepreneurs Relief which allows £5 million of gains to be taxed at just 10%.
What Information is Contained in the Guide?
The guide covers the following key tax issues for anyone selling a business:
- All relevant changes announced in the March and June 2010 Budgets.
- Clear explanation of how capital gains tax is calculated when you sell your business.
- Everything you need to know about Entrepreneurs Relief: how to maximise it and ensure your profits are taxed at just 10%.
- How to make use of Gift Relief, EIS Relief and Business Property Relief (BPR).
- The tax benefits of share exchanges over cash sales.
- Things you should consider before selling: extracting cash and assets, termination payments etc.
- How to make use of 'earn outs', 'hive ups', conditional contracts, and options.
- Detailed look at the benefits and drawbacks of selling the company's assets instead of your shares, especially in light of the new capital gains tax rules.
- How to allocate the proceeds from the sale to reduce capital gains tax and maximise your capital allowances.
- Benefits and drawbacks of transferring assets to your spouse.
- How to make the most of trading losses and capital losses on assets.
- How to make sure the transaction is outside the scope of VAT.
- The pros and cons of emigrating to avoid tax.
- Pros and cons of incorporating a sole trader business before sale.
- Tax saving action plan for anyone selling a business.
Click here to read the full contents listing and first chapter of the book
About the Author
The author is Lee Hadnum LLB ACA CTA. Lee is a rarity among tax advisers having both legal and chartered accountancy qualifications. After qualifying as a prize winner in the Institute of Chartered Accountants entrance exams, he went on to become a Chartered Tax Adviser (CTA) and worked for Ernst & Young for several years. Lee is the author of several Taxcafe tax guides and a regular contributor to our popular online tax Question & Answer service.
Free Bonus Tax Guide - How to Save Tax 2010/2011!
When you order this guide you will also receive a FREE copy of How to Save Tax 2010/2011, worth £19.95.
This comprehensive tax saving guide contains 134 pages of tax saving tips. It is completely up to date with all the latest tax changes announced in the June 2010 Budget - essential reading for everyone who wants to pay less tax.
Please click here for more information on this excellent bonus ebook.
What Will I Receive?
- Selling Your Business - 184 pages of tax saving ideas. Professionally printed by one of the UK's leading book printers.
- A FREE optional PDF copy of the guide, emailed immediately. This means you can start saving tax just seconds after ordering!
- A FREE copy of our comprehensive guide How to Save Tax - packed with useful tax tips and information for the current year - emailed immediately. Click here for more details on this title.
- Fixed Price Postage - Our postage and packaging charge is just £1.95 no matter how many guides you buy. Orders are dispatched same day.
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