How much tax you pay on the sale of your business (in other words, how much cash you keep) is largely determined by the tax structure your business operates under. The sooner you engage our accountants, the more time we have to help you make the changes necessary to optimise your outcome.
Using the right combination of company and trust structures, we may be able to dramatically reduce your tax bill. We can also counsel you through knotty decisions when accepting bids; if accepting a lower selling price lets you minimise your tax liability, you could walk away with more money than if you’d sold at a higher price.
The bottom line is that you’re reading this because you’ve already decided to sell your business, so let’s start planning for it.