Despite the government’s anxiety to be seen as green, 2008 is most likely to be...
Q: I’m approaching retirement and looking to sell my business. Will there be taxes to pay?
A: Normally any profit on selling will be subject to capital gains tax - the first £7,100 of gains each year will always be exempt. CGT is normally charged at your top rate of income tax, but this rate falls the longer you have had the business.
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Established in 1991, with offices UK wide, Avondale are the leading specialist advisors in the sale and purchase of commercial businesses. With our proven track record, you will find a market leader and resourceful partner in Avondale. For a free business valuation and no obligation, professional consultation, in the strictest of confidence, email av@avondale.co.uk, call 01737 240888 or visit www.avondale.co.uk
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I own 25% of a company that I have worked for for the last 6 years.
I started my business in partnership 15 years ago. Can you advise me on selling my half of the business, I understand my partner has first refusal?
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