Planning for a Business Sale Careful planning is essential for business owners looking to retire or transition ownership. Ideally, planning should begin at least two years before the sale to optimize tax payments and preserve eligibility for Business Asset Disposal Relief (BADR), if applicable. The best approach depends on your financial goals: Minimizing risk and […]
Understanding the Capital Gains Tax Exempt Amount Every individual has a tax-free allowance for capital gains, known as the capital gains tax (CGT) annual exempt amount. Although this exemption has been significantly reduced in recent years—standing at just £3,000 for the 2024/25 tax year—it can still provide tax savings of up to £720 if utilized […]