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Tax on selling a business?

The sale of a business will hopefully give rise to a chargeable gain.  Chargeable gains are usually subject to tax at either 18% or 28%, which is a significant proportion the sale proceeds.  Worse, without due care in structuring they may be charged to tax as income at current top rates of 52% (or effective 62% rate in certain income brackets).

However, with careful planning, the tax rate can often be reduced to 10%, via Entrepreneurs’ Relief.  This can be achieved on up to £10,000,000 of lifetime gains.  For further information please CLICK HERE