Selling or exiting your business
Timing and structure decide the tax on exit, and a rushed contract can walk into anti-forestalling rules or surface as a problem in the buyer’s due diligence.
The concepts this turns on
Follow the chain in order, or open any term for the full definition and its legal basis.
- 01
A UK relief that reduces the Capital Gains Tax rate on the sale of a qualifying trading business or shares, up to a lifetime limit of £1 million of gains.
- 02Investors’ ReliefTax relief
A UK Capital Gains Tax relief for outside investors who subscribe for new shares in an unlisted trading company and hold them for at least three years, up to a lifetime limit of £1 million of gains.
- 03Revised Entrepreneur ReliefTax relief
An Irish relief that taxes gains on the disposal of qualifying business assets at 10% instead of the standard 33%, up to a lifetime limit.
- 04Anti-ForestallingConcept
Rules that stop taxpayers locking in an old, lower tax rate by signing contracts just before a rise. They can re-date or disapply arrangements entered mainly to beat an announced change.
- 05Intercompany LoanConcept
A loan between companies in the same group, often across borders, used to fund one company from another. The interest rate and terms have to be defensible, because tax authorities test them against what independent lenders would have agreed.
- 06
Evidence of how a person’s overall wealth was built over time, rather than where a single payment originated. Banks, regulators, and buyers in a transaction each test it in their own way, and the strongest files are assembled long before anyone asks.
Other situations
Is this your situation?
A director will review your enquiry and respond to scope the work and next steps.