PAGES: 180
EDITION: 8th
ISBN: 9781907302411
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 8th edition has just been published (April 2011) and is completely up to date.
Recent changes to capital gains tax, income tax and corporation tax have important implications for anyone selling a company or other business. This book details all the latest tax changes, explains how they will impact the sale of your business and, crucially, tells you what you can do to reduce your tax bill.
The guide also tells you absolutely everything you need to know about Entrepreneurs Relief.
Following the increase in Entrepreneurs Relief announced in the 2011 Budget, up to £10 million of capital gains can now be taxed at just 10%. However, it is easy to lose your Entrepreneurs Relief - this guide tells you exactly what you should do to protect this invaluable tax relief.
What Information is Contained in the Guide?
Subjects covered include:
- All relevant changes announced in the March 2011 Budget.
- Clear explanation of how capital gains tax is calculated when you sell your business.
- Lots of real-life case studies
- ... with easy to follow tax calculations.
- The best tax saving strategies when you sell your business.
- How to qualify for Entrepreneurs Relief.
- What you must do (and not do) to prevent the taxman taking away your Entrepreneurs Relief.
- 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 2011/2012!
When you order this guide you will also receive a FREE copy of How to Save Tax 2011/2012, worth £14.95.
This comprehensive tax saving guide contains 132 pages of tax saving tips. It is completely up to date with all the latest tax changes announced in the March 2011 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 - 180 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 new comprehensive guide How to Save Tax 2011/12 - 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.
- Buy with Confidence - Taxcafe uses Worldpay's renowned secure payment system. We also accept payments via PayPal.
- 100% Money Back Guarantee - You are entitled to a full refund if you are not entirely happy with your purchase.
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