Sale of Companies
A growing
part of our work is in the field of capital gains tax mitigation for
sales by individuals and companies making use of their domicile
status, exemptions, reliefs, deferment and reduction of the tax rate
We also advise on tax warranties and indemnities.
In
particular we can advise on the impact of taper relief on the
capital gains tax payable on any disposal. Structured correctly this
can reduce the tax payable to an effective tax rate of only 10% for
disposal of trading companies. Many clients see this as the
preferred route rather than attempting to reduce their taxable gain
by more complex means.