Sale of Company

Following a referral from another firm of accountants, we advised the shareholders on the most tax-efficient route for realising value from their shares and compared the expected after tax result from the alternative of a direct sale of the shares or the company selling its trade and assets followed by the distribution of funds to the shareholders on a winding up.

Incorporation

We acted for a professional partnership and advised them about the tax benefits of incorporation and the valuation of goodwill. Subsequently, we assisted with the implementation of the incorporation including liaison with the clients’ solicitor concerning the wording of the incorporation documentation.

Negotiation of tax indemnities on company sales

We have undertaken many projects assisting solicitors in their negotiation of the tax warranties and indemnity within the sale and purchase agreement, taking into account the specific attributes of the transactions. Our input takes into account whether we are acting for either the buyer or the seller, but the overall aim is to achieve the optimum level of protection in the overall scheme of negotiations from any unforeseen tax liabilities that might be identified after the transaction has been completed.