Selling Your Business Interests - Do you intend to sell or transfer your assets or shares, or retire from your business?

You’ve grown a successful business, but how do you protect your income and release the capital from all those years of hard work? Make sure you take sound and appropriate tax advice, so that you can minimise any opportunity for the Inland Revenue to obtain tax from you or your family members.

Protect your income and release your capital more easily
At HilliersHRW we can work with your accountant and other advisors as part of your team and help you with:

• Protective and discretionary trusts both in the UK and overseas
• Inheritance Tax Savings Plans and arrangements
• Assistance in making a Will, including all options relevant to your wealth and requirements
• Access to appropriate financial advisers for investments and tax efficient methods of saving
• Group structures for companies
• Advice on exit strategies and the sale of businesses of all kinds

Did you know…?

• If you retire from ownership of, or from the sale of, a business, your ‘disposal’ is liable for Capital Gains Tax.
• If you have members of your family whom you wish to benefit from your estate, a staged transfer of assets would be beneficial, but you will need legal documentation to retain control.
• If you’re looking to retire it’s essential to maximise your wealth by accessing all the reliefs and allowances available. These change frequently so contact us for the most up to date information.

However, there is some good news!
The current arrangements for Capital Gains Tax mean that business assets are treated much more favourably than personal assets for tax purposes. By carefully managing how assets are used and described, and making sure they’re genuine business assets, you could make significant tax savings, sometimes by as much as 50%.

Call 01234 858000 to find out more and to book an appointment with one of our commercial specialists.

Find out more about wealth and estate planning, both for your business and your personal affairs. Contact us today or call 01234 858000 or 01438 346000.

Contactor Martin Addrison.