Category Archives: News
Tax on selling a business?
Written on January 3, 2013 at 12:43 pm, by rsmith
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…