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Shareholders may believe that they need to secure a sale to a third party to unlock the financial value in their company and, whilst a review of the marketplace is important, when the economic climate is as uncertain as it is currently finding an external buyer and getting the right price and terms can be difficult.
In this situation, many company owners turn to employees to explore the possibility of a management buy-out. If you have a strong management team who are keen to take on the responsibility, there are a number of ways in which a management buy-out can be structured tax effectively for the exiting shareholder(s) and cost effective for management.
This article published in Businesszone explains how to secure a tax free business exit using an Employee Ownership Trust (EOT). In this, tax partner Lesley Stalker looks in detail at EOTs, their tax efficient status and the advantages and disadvantages of using them.
Get in touch if you would like exit strategy advice by emailing partners@rjp.co.uk
I wanted to write and express our gratitude for your help and hard work in getting Probate through and settling all the taxes. I am so pleased that we selected RJP, as your professional help and updates throughout this process have been invaluable. If at any time in the future Probate assessment may be needed, you will be our first port of call. Once again, many thanks to the whole team.
Dan Cook, Probate clientI just wanted to drop you a short note to say how grateful I am for the support that RJP has provided over the past 4 weeks while our Financial Controller was away. I struggle to comprehend how much work your staff get through during their weekly visits and they are always a pleasure to have around the office.
I Evans, CFO, MoblicitiJust a quick e-mail from me to thank you for achieving the target for producing the draft accounts – it is very much appreciated and gives a first class impression of your firm. Many thanks.
J Stanfield, Chairman, BBS Actuaries LtdI would like to take this opportunity to thank you very much for the amazing job you have done navigating us through this whole process. My family and I also really appreciate the care and compassion demonstrated by you and your team in every dealing. Our thanks to everyone.
M Goldsmith, Probate ClientRJP provide our company with a complete service which takes the stress and strain away from the day to day running of our accounts! Their understanding of our business and their patience and advice is invaluable.
Outsourcing Client
If you sell a property and incur capital gains tax on the transaction, you will need to file a tax return and also pay any tax that is due within 60 days of completion, or penalties will arise. Need help with your property taxes? Talk to us.