Your guide will contain all the latest company tax changes from the 2008 Budget

If you are shrewd about your tax planning, you can reduce the amount of capital gains tax and income tax you’ll pay when you sell a sole trader business. If you are not careful, however, a substantial portion of your proceeds may end up in the hands of the Inland Revenue. It can be the case that an accountant may not be aware of all the strategies to implement, and the pitfalls to avoid. This guide, written especially with the sole trader in mind, will give you all the information you need to help you save money on tax

 

The recent changes to the CGT regime, which apply from April 6th 2008, have important implications for the amount of tax you will pay on the sale of your business. This comprehensive book explains clearly what these changes are, and how they will impact on the disposal of your business. Most importantly, this book shows you how to reduce your tax liability even further.

 

This book explains how the new Entrepreneurs Relief works, effectively which allowing one million pounds of capital gains to be taxed at only ten per cent.

 

 

What's in the Guide

 

Written in plain English, the guide contains numerous examples and illustrations. Subjects covered include:

 

	All the changes announced in the 12th March 2008 Budget
	How capital gains tax is now calculated when a business is sold.
	How to maximise the new Entrepreneurs Relief make sure your profits are taxed at only 10%.
	Illustration of which types of disposals will be better and worse off under the new regime.
	How to make use of EIS Relief, Business Property Relief and Gift Relief.
	Why share exchanges are preferable to cash sales.
	Everything you need to think about before selling up, including extracting business cash balances and assets, termination payments and more.
	All about earn-outs, conditional contracts, options and hive-ups.
	An in-depth examination of the pros and selling the business's assets rather than your shares. This is especially pertinent post Budget 2008.
	How to to reduce capital gains tax and maximise your capital allowances by shrewd allocation of sale proceeds.
	The pros and cons of transferring assets to your wife or husband.
	How to extract maximum advantage from capital losses on assets and trading losses.
	How to ensure the business sale transaction is not within the scope of VAT.
	The advantages and disadvantages of emigrating in order to avoid paying tax.
	The advantages and disadvantages of incorporating a sole trader business before the transaction date.
	An action plan for anyone selling a business that focuses on paying the least amount of tax.

 

The Author

 

This guide was written by Lee Hadnum LLB ACA CTA, who has an unusual background amongst tax advisers in having qualifications in both legal and chartered accountancy. Lee spent several years working for Ernst & Young after a prize-winning qualification in his entrance exams for the Institute of Chartered Accountants led to a career as a Chartered Tax Adviser (CTA). Lee has has written many other publications on tax.

 

How Much Does 'Selling Your Business' Cost?

 

Electronic Book (delivered immediately via e-mail) £19.95

 

And that's not all!

 

You will also receive a complimentary electronic copy of our comprehensive How to Save Tax 2008/09 - worth £19.95.

If you would like to pay by cheque click here.