Tax Planning
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Description
Experience Level: Expert
Estimated project duration: Not sure
General information for the business: We are a small ltd Company
Kind of support: Tax, Other
Accounting software: Quickbooks
Description of support work: Hi
I am about to sell the assess and good will of my business UK / England. I m getting paid in 4 instalments over 12 months. The monies are to be paid direct back to the ltd company as the buyer did not want to buy the ltd company.
Not vast sums hopefully it will be 6 figures just... but some mechanisms in place to reduce if customers leave .
I m starting new business and want to use the money in the current ltd as capital and to live on . then when final payment comes I will probably put the current ltd company into members voluntary liquidation to get the money out at lower entrepreneurial relief rate? hopefully.
My accountant is saying speak to the insolvency people. The insolvency people are saying speak to the accountants ....
I need a structure that is as tax efficient as possible and English law considered...
Please answer if you can assist and provide qualification details.
Thanks
Extra notes:
Kind of support: Tax, Other
Accounting software: Quickbooks
Description of support work: Hi
I am about to sell the assess and good will of my business UK / England. I m getting paid in 4 instalments over 12 months. The monies are to be paid direct back to the ltd company as the buyer did not want to buy the ltd company.
Not vast sums hopefully it will be 6 figures just... but some mechanisms in place to reduce if customers leave .
I m starting new business and want to use the money in the current ltd as capital and to live on . then when final payment comes I will probably put the current ltd company into members voluntary liquidation to get the money out at lower entrepreneurial relief rate? hopefully.
My accountant is saying speak to the insolvency people. The insolvency people are saying speak to the accountants ....
I need a structure that is as tax efficient as possible and English law considered...
Please answer if you can assist and provide qualification details.
Thanks
Extra notes:
Gareth P.
100% (14)Projects Completed
17
Freelancers worked with
13
Projects awarded
10%
Last project
20 Apr 2022
United Kingdom
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