Tax efficient business acquisitions and sales

Acquiring or selling a business is usually a once or twice a lifetime event. The tax cost involved is just one of the factors to be taken into account, and, like all costs, needs careful consideration and planning if it is to be minimised.

At Booth Ainsworth, our Corporate & Business Tax team can guide you through this process and ensure that you make the most of the opportunities.

If you are selling, we will work with you to ensure, among other matters:

• That the commercial cost of unclaimed capital allowances is recognised and reflected in the sale price
• That full consideration is given to the availability of substantial shareholder relief. This is a valuable relief which can mean that, in the right circumstances, you can sell a trading subsidiary with no immediate tax cost
• That capital gains tax hold over or roll over reliefs are available

If you are acquiring a business, we can help you:

• Maximise corporation tax relief for purchased goodwill and other intangible assets
• Recognise unclaimed capital allowances and ensure that the purchase agreement lets you acquire these
• Set up a tax efficient acquisition vehicle

With our expertise and experience, we are ideally placed to work with you through the whole process, from the initial idea through to completion.