Project
We have acted for a family business for many years and assisted the founders (husband and wife) to retire and pass on the business to their son. Sadly Mum died which necessitated the need to implement a number of tax planning initiatives in relation to the business shares and Will planning for Dad.
The Outcome?
We were able to transfer the shares in a tax efficient manner and mitigated the IHT as a result. This led to further advice in relation to tax efficient investments and helped the business continue, conflict free. A good example of holistic wealth planning across a company and its owners.
Project
A commercial property client wanted to realise their capital. We helped them structure their property portfolio, which ultimately saved them £175,000 in corporation tax.
The Outcome?
The tax planning enabled them to become personally mortgage free and they now live in their dream home in Ireland.
Project
This is a family business who have been trading for over 40 years. The parents wanted to retire and hand over the business to their children. We helped to re-structure the business allowing them to retire but retain control whilst the children ran the business. Ultimately the children have now taken over the business fully and we have assisted the parents to benefit from Entrepreneurs Relief by using the capital from the business.
The Outcome?
The parents now have their dream home and split their time between their home in Europe and the UK.
Project
This client is a family business needing help to allow the parents to retire and handover the business to the next generation. We handled all aspects of handover and ensured that careful tax planning mitigated any future IHT issues.
The Outcome?
Our tax planning allowed the parents to leave the business and travel the world.
Project
This retailer wanted to move the business from the parents to the next generation tax efficiently and needed help to get them to a more profitable position before doing that. Our work with them helped to identify a strong business plan which ultimately led to a doubling of the turnover and profits.
The Outcome?
We provided IHT advice, turned the property into their pensions, created lifetime gifts and helped the next generation to bring spouses into the business to mitigate the tax position. The parents were able to retire and successfully handed a profitable business over to their children.
Project
This engineering company wanted to sell to one of their competitors. We assisted to help find the buyer and position the company to the point of selling. At the last minute the son of the business owner decided he wanted to take over the business….. to enable that to happen we created a holding company and structured the handover accordingly. The business continued successfully until they lost a large client, which had a major impact on cashflow. We stepped in to help to re-finance the business and to stop them going into liquidation.
The Outcome?
The business is now back on track, is growing and everything is very positive.
Project
This client owned their commercial property in their own name outside of the business. By selling it back to the company and placing those sales funds into a personal pension we saved over £43,000 in tax. We held the clients hands throughout and guided the IFA’s, legal and SIPP providers to achieve a successful outcome with the tax planning.
The Outcome?
The business owner is now retired and has literally, sailed off into the sunset!
Project
This engineering client wanted to sell their business through an agent initially. This did not work out so we found a way to engineer a Management Buy Out. The employees did not have any access to finance so we worked out a financing package that finally allowed the business owner to walk away with more than £2m and the employees ended up with a profitable business going forward.
The Outcome?
Our help allowed the business owner to realise a capital return from the business without the need to find an outside buyer.