This successful business evolved over a number of years but due to a lack of advice and forward planning the structure was unwieldy and not fit for purpose.

I was approached to assist with the sale to a third party and quickly identified a number of issues that needed addressing.

The ownership of the different parts of the business was spread across numerous companies with a variety of owners (some companies and some individuals). This led to complexities within the deal structure and different tax consequences for the shareholders.

In addition, there were a number of investment and trading properties owned across the group so some form of restructuring was required prior to sale.

Working with the business and the lawyers, I developed a structured plan which enabled the shareholders to realise value whilst minimising capital gains tax. We received clearance approval from HMRC and the transaction completed successfully.

We achieved an excellent result in a short space of time but it is always preferable to plan ahead and ensure that your business structure is aligned to your long term plans in order to minimise tax and the associated complexities.