Post-exit planning
Following a business sale, new challenges will arise due to changes in the taxation of your affairs, particularly in regards to your inheritance tax position. Therefore, we engage with clients early on, before any sale completes, to ensure that effective tax planning can be undertaken and risks are mitigated. Having these early conversations avoids any undue delays in implementing gifts, planning around the use of trusts or in new company set ups.
In addition to the change in tax, it is likely that, following a sale of a business, a significant part of your income stream will have been lost. Therefore, the proceeds you received following a business sale need to work hard form the outset. Where our clients require investment advice, our team will refer the client to an Independent Financial Adviser, authorised under the Financial Services and Markets Act 2000 (FSMA).