Owner-Managed Businesses Guidance

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Sale & acquisition of a business

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Latest Guidance
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1 Jun 2020

A franchise is the grant of a licence to carry on a ‘copycat’ business by a business (the ‘franchisor’) to a purchaser (the ‘franchisee’). The...

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13 Mar 2020

The administration system for stamp duty land tax (SDLT) is carried out using a self assessment form. Usually the solicitor or conveyancer working on...

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13 Mar 2020

Entrepreneurs’ relief is capital gains tax (CGT) relief that allows business owners with chargeable gains on qualifying business assets to pay...

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13 Mar 2020

Entrepreneurs’ relief is capital gains tax (CGT) relief that allows business owners with chargeable gains on qualifying business assets to pay CGT at...

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13 Mar 2020

IntroductionStamp duty land tax (SDLT) was introduced for land transactions with effect from 1 December 2003. Whereas stamp duty was a tax on...

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28 Jun 2019

The accurate valuation of the company’s assets and shareholdings may be required for commercial reasons, for example as a measure to evaluate the...

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28 Jun 2019

For unquoted trading companies only, the amount received by a shareholder on selling his shares back to the company may be treated as capital, rather...

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28 Jun 2019

This guidance summarises the factors to take into account on the transfer of business premises as part of a trade and asset sale.FixturesBuildings...

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28 Jun 2019

There are three main types of clearances available:•statutory clearances•non-statutory clearances, and•statutory approvalsStatutory...

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28 Jun 2019

Payments by companies to repurchase their own shares are subject either to what is referred to as 'income treatment' or to 'capital treatment'.If the...

Latest Guidance
OMB_tax_img8
Owner-Managed Businesses

A franchise is the grant of a licence to carry on a ‘copycat’ business by a business (the ‘franchisor’) to a purchaser (the ‘franchisee’). The franchisee would, for...

OMB_tax_img6
Owner-Managed Businesses

The administration system for stamp duty land tax (SDLT) is carried out using a self assessment form. Usually the solicitor or conveyancer working on the property...

OMB_tax_img3
Owner-Managed Businesses

Entrepreneurs’ relief is capital gains tax (CGT) relief that allows business owners with chargeable gains on qualifying business assets to pay CGT at a rate of 10%....

OMB_tax_img5
Owner-Managed Businesses

Entrepreneurs’ relief is capital gains tax (CGT) relief that allows business owners with chargeable gains on qualifying business assets to pay CGT at a rate of 10%. This...

OMB_tax_img5
Owner-Managed Businesses

IntroductionStamp duty land tax (SDLT) was introduced for land transactions with effect from 1 December 2003. Whereas stamp duty was a tax on documents, SDLT is a tax...

OMB_tax_img2
Owner-Managed Businesses

The accurate valuation of the company’s assets and shareholdings may be required for commercial reasons, for example as a measure to evaluate the price offered for the...

OMB_tax_img7
Owner-Managed Businesses

For unquoted trading companies only, the amount received by a shareholder on selling his shares back to the company may be treated as capital, rather than as a...

OMB_tax_img6
Owner-Managed Businesses

This guidance summarises the factors to take into account on the transfer of business premises as part of a trade and asset sale.FixturesBuildings usually contain...

OMB_tax_img4
Owner-Managed Businesses

There are three main types of clearances available:•statutory clearances•non-statutory clearances, and•statutory approvalsStatutory clearancesStatutory clearances are...

OMB_tax_img
Owner-Managed Businesses

Payments by companies to repurchase their own shares are subject either to what is referred to as 'income treatment' or to 'capital treatment'.If the payment is subject...