Tax Planning Idea - Should I buy/sell the company or the trade and assets?

Tax Planning Idea - Should I buy/sell the company or the trade and assets?

Should I buy/sell the company or the trade and assets?

Whether buying or selling a business, one area to consider is whether it is shares in the company or just the trade and assets that should be sold/acquired? There are key differences between the two; for example with a share transaction the buyer acquires the shares of the company that owns all the assets and liabilities of the business, whereas with an asset sale it may be possible to ‘cherry pick’ which assets and liabilities are acquired and which are to be retained by the seller. It is worth seeking advice on the different routes available and the pros and cons of each option.

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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