How to partially sell your business without losing control and why now is the right time to consider it!

Sep 3, 2020

Most business owners assume when they sell their business they will lose control and therefore don’t consider it until they are approaching retirement. In reality, there are lots of options to consider and in many cases, it can help ‘lock-in’ your management team whilst releasing significant funds from the business.

Speculation is growing that the Government will increase Capital Gains Tax (the tax you pay when you sell your business) as a response to the COVID crisis in the forthcoming Autumn Budget. If the rumours are true, for business owners considering exiting or partially selling their business, now is the time to move.

We have assisted numerous clients achieve their exit or partial sale ambitions during this challenging year in the most time-efficient manner. There are a number of ways we can help you sell your business and crystallise preferential tax rates, even if there is no third-party buyer.

Options can include:

  • Full or partial sales;
  • Self-financing exits with no external debt;
  • Senior employee or family member buy-in/outs without the need for 3rd party buyers;
  • Use of employee ownership trusts (The John Lewis model).

If you would like to explore a full or partial exit and securing tax rates as low as 0% in certain instances, and a maximum rate of 20% versus the speculated 45%, then please contact your TC advisor today on 0330 088 7111.

See how we can help you