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15th March 2012

Would you willingly give 50% of the value of your business to the Taxman?

Without proper planning it's all too easy to go down this path!

How does this work?

CGT on the sale of a business is 10% for most entrepreneurs

IHT on the sale proceeds of a business is 40% for most individuals

So if you suffer an untimely death following the sale of a business, 50% of its value could be wiped out overnight in tax! Indeed a recent court case was an example of this happening, although it could have been avoided. Examples of how to do so were given during a seminar for our clients held recently in Northampton.

For further information and advice, contact Catherine Ball at catherineball@hewitsons.com

To be added to our invitation list for future seminars, please email michaelyoung@hewitsons.com or see our events calendar

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