Shropshire companies should not be rushed into selling their businesses prematurely, despite the Government’s plans to make changes to disposal rules.
That is the message from Sarah Hartshorn, from Dyke Yaxley Chartered Accountants in Shrewsbury, who said she was expecting a raft of conversations with clients considering a swift sale.
Sarah said a careful and managed planning strategy was crucial for any business owner considering their exit. “If you are considering taking urgent action to change the ownership of your company, we would always advise that the ‘tax tail’ should not wag the dog!” added Sarah. Stronger negotiating power – a rushed sale often puts the seller in a weaker position, as buyers may sense urgency and push for lower prices or more favourable terms.
Tax and financial planning – whatever the tax regime is in place at the time, tax planning is not something to be rushed.
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