Service overview
Selling or transferring a business is usually a significant event, and the tax position can depend on decisions made well before a sale takes place. This service is for business owners who would like to understand the tax and accounting matters that may be relevant to a future sale, transfer or exit.
At Accountant Bookkeeping Ltd, we provide business exit and sale tax planning for sole traders, partnerships and limited companies throughout Bournemouth, Dorset, London and across the UK. We review the business's accounting and tax position, identify matters that may need attention and explain the tax considerations that may apply to a proposed transaction.
The work is preparatory. It focuses on the position of the business, the structure and ownership of the shares or business interests, and the records that a buyer or their advisers are likely to examine. Where an identified matter requires further work, we explain what is involved.
We work within current UK tax legislation and established tax principles, and we do not promote or recommend tax avoidance arrangements. Transactions often involve other professional advisers, and where a matter goes beyond our professional scope we will say so and explain what further advice may be needed. As an AAT Licensed Accountant, we provide our services with transparent fixed-fee pricing and no VAT charged on our fees.
Pricing
Our Business Exit & Sale Tax Planning service starts from £500. The final fee is confirmed by fixed quotation following an initial review of your circumstances and the scope of the work involved, so you know the cost before any work begins. VAT is not charged on our fees because we are not VAT registered.
Who this service is for
- Business owners considering a sale, transfer or exit in the coming months or years.
- Owner-managed companies whose directors are planning for retirement or succession.
- Sole traders and partnerships considering transferring or selling the business.
- Business owners who would like their tax and accounting records reviewed before a proposed sale.
- Owners preparing information for a buyer, lender or professional adviser.
What we can help with
- Pre-sale tax and accounting review
- Capital Gains Tax considerations
- Corporation Tax considerations
- Shareholder and director tax considerations
- Review of accounting and tax records before a proposed sale
- Identification of tax and compliance matters requiring attention
- Timing considerations
- Preparation of relevant accounting and tax information
- Coordination with other professional advisers where appropriate
- Preparation for tax due diligence where relevant
How it works
Initial discussion
We discuss your plans, the structure of the business and the timescale you are working towards.
Information review
We review the accounting and tax records, ownership details and other information available, and identify anything further we need.
Review of the position
We consider the tax and accounting matters that may be relevant to a sale, transfer or exit and explain how they may apply to your circumstances.
Recommendations and next steps
We set out the matters identified and our recommendations, with a fixed quotation for any agreed further work.
Information we may need
- Latest accounts and accounting records for the business.
- Corporation Tax returns, Self Assessment tax returns and tax computations.
- Details of the ownership of the business, shares or partnership interests.
- Details of assets and liabilities, including property, equipment, loans and goodwill.
- Information about the proposed transaction, including timescales and the parties involved where known.
- Details of any previous reorganisations, share transactions or asset transfers.
- Relevant correspondence with HMRC or Companies House.
Frequently asked questions
Related services
Tax Due Diligence and Corporate Transactions & M&A Tax Support form part of our wider corporate tax services. Please contact us to discuss these areas.
Scope
Complex or highly specialised matters may involve appropriately qualified specialist tax, legal or other professional advisers.
Get a free quote for business exit & sale tax planning
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