Corporate restructuring

It is surprising how many businesses have a structure which is not as tax-efficient as it could be. This is often because the business has grown and developed over the years and no-one has taken the opportunity to ensure that the structure is tax efficient. Problem areas include:

• By having a number of associated companies, the benefits from the lower rate of corporation tax have not been maximised
• You may have investment properties within the company which can cause complications when you want to sell the company but keep the properties
• Similar issues arise where you want to sell part of the company's business; with advanced planning it might be possible to do this with no immediate tax cost

Tax legislation recognises that businesses mature and develop, and, in appropriate circumstances, allows for companies to be reorganised with no tax cost. At Booth Ainsworth, our Corporate & Business Planning team works with you to understand your business and objectives, so that we can give you proactive and innovative advice to ensure that your business structure is tax efficient, and meets your future needs.