Introduction:
Even in the current financial world, there are many significant deals being carried out. Land and property values may have fallen since 2008, but the seller may STILL have a significant gain on which tax will be due.

Some sellers who own assest held within a company structure forget that they will have 2 taxes to pay, not just 1:

Corporation Tax when the company owned asset is sold (21% - 28%)
PLUS
Personal Capital Gains Tax when they "liquidate" the company structure and make a gain on the uplift in share value (10% on first £5m and 18% thereafter)

This makes the tax on a capital gain total anything between 10% and 46% - and that ignores IHT on the money that you end up with, which can add a further 40% to the total... ouch!

Solution:
Of course in an ideal world, we would have shown the client how to BUY an asset in a special structure - so that whatever gains were made... would be free from ANY tax. This is possible with use of a QNUPS (Qualifying Non-UK Pension Scheme). Click here for more information.

Where we are too late, and a significant gain is due to be made, then we do have specialist arrangements that can significantly reduce the tax exposure.

If you want to know more, simply Contact Us Now.