Succession Planning – Have you thought about what will happen to your business when you retire?

If you have built up a successful family business, planning your exit is essential to ensure its survival as well as funding your own retirement. Whether the business is being passed to family, sold to a third party, or bought by employees, the tax consequences must not be overlooked. Where shares in a limited company, or assets of an unincorporated business are sold on for a profit, capital gains tax (CGT) will be due.  CGT is usually at a rate of 20% for higher rate taxpayers, but En...
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