0333 3440 778 - info@hhcbs.co.uk
 

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Did you know that the tax rate on most business sales is only 10%? - This is due to Entrepreneurs Relief.

Hyde House Business Brokers would welcome the opportunity of confirming your eligibility for this extremely low tax rate and to discuss your personal strategy for the ultimate exit from your business.

If you meet the criteria below you may qualify...

A business sale (shares or securities in a trading company or the holding company of a group) will qualify for entrepreneurs relief when the conditions below are met in a twelve month period prior to the sale:

  • The company has to be the vendors 'personal trading company'. In other words the individual selling the business holds a minimum of 5% of the ordinary share capital of the company and a minimum of 5% of the voting rights in the company.
  • The individual has been an employee or officer of the company.
  • The business being sold must be a stand alone company or a holding company of a group.
  • During the 12 month period prior to the sale the business must have been trading, companies with 20% or over non-trading activity will not qualify.

Please be aware that there are further nuances to these conditions, to discover if you are eligible contact us today for your free consultation.

Please act now before the chancellor reconsiders this generous tax relief on qualifying business sales.

Working together in recent months Hyde House & Geoffrey Leaver Solicitors have successfully sold a number of businesses all of which have qualified for this generous tax relief.

We would be delighted to meet with you to discuss our corporate finance services and to provide you with a free indication of the value of your business.

Call the business sales experts today on: 0333 3440 778 to arrange your no-obligation consultation. Discover your eligibility for Entrepreneurs Relief as well as the potential value of your business.

 

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