Retiring in a tax efficient manner
Context
Many business owners with solvent companies are now considering whether to cease trading. In the past they might have expected to sell the company, however the banks’ appetite for supporting buyers has reduced significantly and buyers are expected to demand significant discounts and extended deferred payment provisions if they are to acquire such businesses.
What you need to know
To close down the company in a tax efficient way there are a number of key factors to consider:
What you need to do
There will be a number of factors to consider when looking to close your business and we can help you navigate those.
Get in touch with our registered Insolvency Practitioner, David Ellis (07515 999503 | david.ellis@higgsandsons.co.uk) or our head of Tax & Business Wealth, Susheel Gupta (07912 121804 | Susheel.gupta@higgsandsons.co.uk) or are waiting to help.
If you have any other general queries or concerns that you feel we can assist with, please email supportingyou@higgsandsons.co.uk and somebody will get back to you as a matter of urgency.
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