Tax Saving Idea of the Week!

Tax Saving Idea of the Week!

Tax Saving Idea of the Week!

Consider selling a subsidiary tax free and reinvesting the proceeds

A group of companies wishing to sell a subsidiary can sometimes use the Substantial Shareholding Exemption to sell it without any corporation tax charge arising on the profit on sale. The tax-free proceeds can then be used by the selling company to invest in other group activities.

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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