A week can sometimes be a long time in politics or finance, but for the...
I own 25% of a company that I have worked for for the last 6 years. The company was initially a sole trader (run by somebody else) but 4 years ago it became a LTD company. The original sole trader still owns the other 75% of the company. If we were to sell the company now, say for instance for £4m, I would obviously be entitled to 25% of that = £1m. What are my tax implications on this amount?
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?
I’m approaching retirement and looking to sell my business. Will there be taxes to pay?
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