½Û×ÓÊÓƵ

Selling the family company ― common situations

Produced by a Tolley Owner-Managed Businesses expert
Owner-Managed Businesses
Guidance

Selling the family company ― common situations

Produced by a Tolley Owner-Managed Businesses expert
Owner-Managed Businesses
Guidance
imgtext

When businesses are looking for advice in relation to selling the family company, there are some common situations which often arise. This guidance note sets out some of these situations together with suggestions of a possible course of tax planning to maximise available reliefs. These situations can provide a starting point for conversations with clients who want to discuss selling their company. Included within each situation summary are links to other guidance notes or resources so that further detailed research can be done.

The list of situations dealt with in this guidance note are as follows:

  1. •

    Sale of company to a third party

  2. •

    Sale of the company but part of the business not to be included

  3. •

    Splitting of a property investment company between shareholders

  4. •

    Sale to third party with consideration in cash and loan notes

  5. •

    Sale of trade and assets and extracting remaining reserves

Sale of company to a third party

Situation

The company is looking to be acquired by a third party or a third party has

Continue reading the full document
To gain access to additional expert tax guidance, workflow tools, and tax research, register for a free trial of Tolley+â„¢
Powered by

Popular Articles

Residential property and capital allowances

Residential property and capital allowancesResidential property ― plant and machinery allowancesOrdinary residential property does not, and never has, qualified for capital allowances. as CAA 2001, s 35 denies plant allowances for expenditure incurred in providing plant or machinery for use in a

14 Jul 2020 17:14 | Produced by Tolley in association with Martin Wilson and Steven Bone Read more Read more

What are connected companies for loan relationship purposes ― practical approach

What are connected companies for loan relationship purposes ― practical approachBrief overview of the rulesThe loan relationships legislation applies to any ‘money debt’ arising from the lending of money entered into by a company, either as a lender or borrower. The rules are contained in CTA 2009,

20 Apr 2021 16:00 | Produced by Tolley Read more Read more

Simple assessments

Simple assessmentsFrom 2016/17 onwards, HMRC has the power to make a ‘simple assessment’ of the taxpayer’s income tax and / or capital gains tax liability outside of the self assessment system. As HMRC already receives significant amounts of information on the income received and tax paid by

14 Jul 2020 13:40 | Produced by Tolley Read more Read more