Are you considering a Family Buy Out?

Are you considering a Family Buy Out?

Are you considering a Family Buy Out?

Tax efficient cash extraction whilst passing the business on to the next generation!

A specific form of the MBO explained in last week’s tax saving idea might be for family shareholders to sell the business to their children at market value. This allows parents to cash in their shares whilst ensuring the business is passed on to the next generation.

As always, the key to successful tax planning is to seek advice as early as possible.

If you would like more information or would like to discuss your tax affairs in more detail please don't hesitate to contact our Tax Partners, Steve Crompton or Lucy Williams, on the details below:

 

Steve Crompton
Partner – Head of Tax
direct dial: 01942 292541
mobile: 07790 840394
email: steve.crompton@jsllp.co.uk

Lucy Williams
Tax Partner
direct dial: 01942 292543
mobile: 07807 053494
email: lucy.williams@jsllp.co.uk

 

 

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