
Where the disposal of the business to third parties is concerned, we will ensure that the value is realised in a tax efficient way either immediately or over a period of time.
If appropriate, we will look closely at the options for transferring interests in the business to other family members. The tax planning will be centred on maximising tax relief and avoiding triggering unwanted tax liabilities.
There are specific tax issues surrounding succession planning in circumstance where the owner will have some continued association with the business for a period of time. This may include complex contractual arrangements and eligibility for ongoing benefits and future pension provision.
Our taxation advice also looks to the future, post sale, to incorporate compliance issues surrounding income provision and inheritance tax planning.