Graham Goodbody Director Corporate Tax Alan Thomson Senior Tax Manager and Steven Levine Tax Manager explain how owners of businesses can release funds
At different stages during the life of a business its owners will need to extract value. This can include the following possibilities:
● extraction by way of salary dividends or rent;
● extracting capital value;
● selling the company;
● succession; and
● passing on the business.
At each stage thought must be given as to how to maximise the after-tax proceeds for the owners. This article sets out various factors that should be considered.
The...
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Graham Goodbody Director Corporate Tax Alan Thomson Senior Tax Manager and Steven Levine Tax Manager explain how owners of businesses can release funds
At different stages during the life of a business its owners will need to extract value. This can include the following possibilities:
● extraction by way of salary dividends or rent;
● extracting capital value;
● selling the company;
● succession; and
● passing on the business.
At each stage thought must be given as to how to maximise the after-tax proceeds for the owners. This article sets out various factors that should be considered.
The...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes: