Sheltering profits from your business in a company is all well and good, but at some point you’ll want to retire and get your money out. When the time comes how can you ensure maximum tax efficiency?
Published 11.06.2013
If you sell or wind up your company and extract the accumulated profits as a capital sum, business asset disposal relief (BADR) can reduce your tax bill. However, tricky conditions can mean that BADR
is lost. What steps can you take to avoid this?
Published 28.01.2021
Sheltering profit in a company is fine, but keeping it in cash or investments can jeopardise entrepreneurs’ relief (ER) when you come to sell or wind up the business. Why and what steps can you take
to avoid this happening?
Published 05.11.2015
If you retire and sell the shares in your company, HMRC will usually approve your claim for entrepreneurs’ relief (ER). But if your company has investments on its books, you might be turned down. Why
and what can you do about it?
Published 30.04.2015
You’re planning to move home and, following a neighbour’s example, you reckon you can get more by selling off part of your garden separately for development. How should you structure the deal to
obtain the best tax result?
Published 04.02.2014
If you’re planning to sell your company, entrepreneurs’ relief can cut your Capital Gains Tax rate to 10%. But if you’re holding a great deal of cash in the company, you could lose this valuable
relief. What preventive steps can you take?
Published 12.05.2010
If you make a gain from selling your company, entrepreneurs’ relief (ER) can reduce your tax bill if you’ve been employed by it for at least a year. However, this condition has a catch. What is it
and how can you avoid getting caught?
Published 27.11.2017
If you make a capital gain from selling personally owned property used by your company, entrepreneurs’ relief (ER) won’t apply despite the asset having been used for business. How can you plan the
sale so that it will apply?
Published 05.04.2016
A new capital gains tax break is designed to encourage investment in small companies. It fills the gap between enterprise investment schemes and entrepreneurs’ relief (ER). How and when can you take
advantage of it?
Published 28.06.2016
Your business has stopped trading and you’re selling its assets. You’ll make a healthy capital gain, but the trouble is it’s going to take some time for you to sell the premises. Will this prevent
you from claiming entrepreneurs’ relief?
Published 18.09.2017