Succession

For privately owned companies, future succession planning is essential to the long term health of your business.

Our tax team can support the development of your plans and bring fresh insight to possible options. Their input can help to illustrate the tax consequences of your preferred options including exit strategy and ensure that you derive the optimum outcome.

Options include, for example, if selling your business Entrepreneurs Relief should be considered as it can result in a reduced capital gains tax rate of 10%. Other ways to exit or leave a business each have their implications and opportunities. These include:

  • Selling it to existing Directors and Partners
  • Handing it over to family members
  • Selling to a third party
  • Closing the business down

The team at Johnsons will work with you to establish your optimum exit strategy.

Require more information?

If you would like more information or would like to speak to us direct then call us on 020 8567 3451. Or if you would prefer, ask us a question online.

XERO SAGE quickbooks.png