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 firstname.lastname@example.org
To be added to our invitation list for future seminars, please email email@example.com or see our events calendar