Sale of a company

Sale of a company

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If a company is being sold, how are the selling agents fees treated within the accounts? I'm assuming there is no personal tax isuue on these with the shareholders?
Sue Duma

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By neileg
17th Aug 2006 08:51

Not a company cost
When a comapny is sold, it is the shares that change hands, not the business. Any selling costs are therefore the shareholders costs, not the company's. It follows that there is a personal tax issue if the company pays. If I was buying the company, I would also have an issue about the company paying!

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