What is Capital Gains Tax
Capital Gains Tax (CGT) is a tax on profit (‘gains’) made on the disposal or sale of ‘chargeable assets’ when selling your business.
Sales of alcohol and tobacco were the main driver behind a surprise rise in overall UK retail sales in April.
This is where you deposit between three and six months rent with your Landlord as security against you not paying the rent or committing other breaches of the Lease. You should consider carefully the basis upon which this sum is returnable to you.
Leasehold means that you own the property, but the freeholder owns the land upon which the property is built. This gives you the right to occupy the property for as long as the Lease is valid. Freehold, on the other hand, means that you own the property and the land upon which the property stands
Selling a business is very personal. What makes it harder is that it’s often an emotional process because you may have spent quite a lot of time building up the business to the standards and profitability it now achieves.
Malcolm is speaking at 2pm on Wednesday 27th November at Businesses For Sale Live as part of The Business Show. Get your free ticket here.
An interesting article by our friends at Businessesforsale.com about why its a good idea to sell your Business through a Business Broker and what to look for when choosing one.
This extremely well presented turnkey Public House prides itself as being the heart of the local community and is well supported with several Skittles and Darts teams. It also offers Newspapers for sale and customers collect them on a daily basis.
Thriving business which designs and installs Interior Plantation Shutters that generates a turnover in the region of £565,000 per year with high gross profit margins.
Busy Plymouth Convenience Store which was established in 2009 when the store was given a major refit. It is now reluctantly being offered to the market as the vendor wishes to relocate.