Kent business owners urged to review their assets
Jan 16, 2008
New tax rules likely to be introduced in April may leave business owners short changed if they want to sell assets or shares, according to Kent company commercial lawyer Susan Jennings.
She says: "At the moment, the sale of shares can attract Capital Gains Tax at 10% if held long enough, but this is set to rise to 18% from April if Alistair Darling has his way. Indexation allowance may also be lost which means potentially paying more tax when selling assets. To take advantage of the current regime, Kent business owners need to review the course of action that might be best for them in light of the impending changes."
"This needs to be done as soon as possible with advice from accountants and lawyers as the average sale can take several months and the deadline for completion is March 31."
Business owners wanting more information can call Susan Jennings on 01634 887334 or email saj@furleypage.co.uk
