You are selling an unprofitable part of your business but the sale does not include any charge for goodwill due to trading losses. Can the sale still qualify as the transfer of a going concern and what conditions must you meet?
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You want to take steps to reduce your inheritance tax (IHT) exposure but most of your wealth is tied up in your home. You don’t want to downsize anytime soon so which tax planning options could help you?
You know that there are certain items or services your company can pay for without incurring a tax charge, but you’re hazy on the details. What are the most valuable tax-free perks for owner managers and which ones are you missing out on?
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