HMRC are sending nudge letters to Business Asset Disposal Relief (BADR) claimants, who have made a claim within their 2021-22 Tax Returns. HMRC believe these claimants may have exceeded their lifetime allowance. Previously known as Entrepreneur’s Relief, BADR is an...
Over the years, a number of different reliefs have been introduced and subsequently replaced, with the intention of providing a lower taxation rate to an entrepreneur selling their business. It was felt unfair that someone who had built up a business over a number of...
I have seen a pickup over the last few months in the number of appointments we are securing to provide business valuations and individual shares therein. Many of these are in the context of divorce proceedings, where we are instructed by lawyers. We are very fortunate...
We have recently assisted with another successful business acquisition on behalf of a client. Despite the uncertainty caused by Covid, corporate finance activity remains strong and we are finding a significant number of business acquisitions and disposals are taking...
To ensure the highest value can be achieved on the disposal of a business, we recommend careful planning, in good time, is undertaken before there is any urgency for the sale to take place. We recommend that one of the initial considerations should be ensuring that...
Many businesses continue to make business acquisitions as part of their strategic growth plans. Reasons may include: To speed up growth. It may be argued that growing a business organically is slow and problematic. Diversification, which may allow risk to be spread...
