CHARTERED ACCOUNTANTS 
CHARTERED TAX ADVISERS REGISTERED AUDITORS
01628 665432
CHARTERED TAX ADVISERS REGISTERED AUDITORS01628 665432
CHARTERED TAX ADVISERS REGISTERED AUDITORS01628 665432
Our July Breakfast Club and Networking Meeting was well attended - we were pleased to see many who had attended previous Club meetings as well as some new faces. All were very welcome and we hope they, and many more, will be able to join us at future Breakfast Business Club Meetings.
This month, Jeffrey Smith discussed Entrepreneurs’ Relief: When selling a business, many people believe that tax is payable at only 10% on the difference between the proceeds and the amount originally paid for it. However, unless you have structured the ownership and business correctly, you may be surprised to find, having sold your business, that you are liable to tax at 18%, an increase of 80% over that expected.
Jeffrey gave some pointers on how to make sure that your period of ownership of your business is, so far as possible, a qualifying period for 10% tax.
28 July 2009
