Tax Planning Idea! Inheritance Tax exposure when you sell your business
Inheritance Tax exposure when you sell your business
In advance of a selling your business, you should consider your exposure to IHT on the sale proceeds received. Should some of the proceeds be passed on to family members, trusts or be invested in pensions and other investments? A comprehensive estate planning and wealth management review is recommended, as well as the type of structure suitable to hold those investments, in order to devise a strategy for future retirement planning ahead of any sale.
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: