Taxing issues before you buy or sell


Posted on June 1st, by editor in Caring Times. No Comments

The tax implications of buying or selling a care home need to be carefully considered before you make your first move. It is vital you get advice on the tax regime applicable to your circumstances. The right tax advice can have a big impact on how your deal is structured and ultimately how much you have to pay in tax. Every situation will be different and it is important to seek professional advice before any sale or purchase is negotiated. There may be a need to reorganise ownership of assets pre-sale. Much will depend on whether limited companies are involved. Timing of the sale and the future plans of the vendor in particular should all be taken into account. It is often the case that the taxation interests of the seller will be opposite to those of the purchaser and compromise may be necessary. *Selling* The current UK tax regime on company sales is highly favourable to individuals selling business assets – with capital gains tax potentially as low as 10 per cent. This is one of the most advantageous ra





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