I have a ltd company who is in the process of selling its business which is a convenience store. The company has husband and wife as directors and shareholders.
My questions are as follows:
1. Is it more tax efficient to sell the company with its shares or sell the business and keep the company, considering the fact that the directors are going to invest in a new restaurant business once the sale has gone through.
2. If the store is sold and the company still remains, how is it best to structure the sale between goodwill, leasehold property and fixtures and fittings.
I hope that gives enought information for someone to help.
thank you
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Replies (2)
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Sale structure
These transactions are so complicated involving many aspects of taxation. The best thing you can do is find a good advisor and pay them for the work.
They will save you thousands; the answers you get on here will cannot be detailed enough as you cannot possibly provide all of the information needed in one post.
Sorry to be negative but in the long run you will have more money from your sale by spending money structuring the sale correctly.
very positive advice
the first reponse was spot on, very positive and just right......no negativity there