Selling a company is one of the most important financial decisions a business owner will make. While attention is often focused on finding the right buyer and negotiating a strong sale price, the tax consequences can significantly affect the amount ultimately retained from the transaction. Decisions made months or even years before a sale can […]
Understanding the Tax Differences If you’re preparing to sell your business, you’ll probably spend plenty of time discussing the purchase price, the completion date and the finer details of the deal. What often comes as a surprise is that how*the sale is structured can be just as important as how much you’re selling the business […]
My Client is Returning to the UK After 12 Years Abroad – What Should We Do Before They Arrive? Scenario An accountant contacted ETC after hearing from a former client who was planning to return permanently to the UK after 12 years living and working overseas. The client had originally left the UK for employment […]
Planning to Sell Your Business? If you’re planning to sell your business, one of the first questions you’re likely to ask is, “How much tax will I have to pay?” The answer will depend on a number of factors, but one relief that often comes into the conversation is Business Asset Disposal Relief (BADR). If […]
There are specific rules dealing with earnings received during a period of absence from employment. Section 38 ITEPA 2003 broadly provides that, where an individual ordinarily performs some or all of their employment duties in the UK, earnings relating to a period of absence are treated as relating to UK duties, except to the extent […]
UK Exit Tax: Could an Exit Charge Accelerate the Flight of UK Millionaires? The number of millionaires living in Britain has reportedly fallen by 7% since 2024, according to the Adam Smith Institute think tank, adding to the debate over whether the UK is becoming a less attractive place for wealthy individuals and entrepreneurs. At […]
Thinking About Selling Your Business If you’re thinking about selling your business, it’s easy to focus on the big-ticket items. Finding the right buyer, agreeing a price and negotiating the terms of the deal will naturally be at the forefront of your mind. However, one of the biggest mistakes business owners make is leaving tax […]
Why Every Seller Needs One For many business owners, selling a company is a once-in-a-lifetime event. Years of hard work have gone into building the business, and understandably, the focus is often on finding the right buyer and achieving the best possible price. What is sometimes overlooked is that buyers are not simply purchasing a […]
Let Property Campaign: 5 Things Landlords Should Know About Undeclared Rental Income Did you know there is an HMRC campaign specifically for landlords who need to put their tax affairs right? If you have received rental income that hasn’t been fully declared to HMRC, dealing with it sooner rather than later can make a significant […]
“Under “staircasing” – a purchaser of a part-share of a property has the choice between: Electing to pay any SDLT due now based on the property’s full market value at that time, or Paying no SDLT until the purchase of further share(s) takes their ownership share over 80%. If a purchaser elects to […]
