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Buying & selling / capital gains:

There comes a time when for whatever reason you may decide to buy or sell a business or property, it is important to take advice as the tax consequences can be significant if you get it wrong.

There are various reliefs available that can reduce the tax to nil, postpone the tax due, or it may be a case of structuring the sale in a more tax efficient way.

For example if you dispose of a business, capital gains tax is due, however if you reinvest in a new business (does not have to be the same) you can defer part of, or all of the gain.

If you incorporate a sole trader (all the assets in exchange for shares) into a limited company then incorporation relief is automatically available; however it may be more beneficial to keep assets outside the limited company?

If you are considering a disposal or purchase, why not pop in for a chat.