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    Buying Out a Partner
    #1
    JClarkson Guest
    I am looking at possible selling my stake on a limited company. I own about 40% of it. Does anyone know if there are tax implications here?

    Basically, what I mean is if I sell at say 5 a share... will the tax man say that I have got too much and should be taxed on it? Or conversely, the business has got to much? How is the value of the company established from a tax perspective?


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    You should definitely see an accountant who specialized in business sales before proceeding. But I expect you would be taxed on the difference between your investment in the company, and the price you sell it at. If you sell it for more than your investment, you can expect to pay the capital gains tax on whatever you sell it for, minus your investment.

    Your accountant may be able to provide you with additional methods of reducing your tax burden.


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    Speaking to a guy in London, he was telling me that his daughter has to buy a house every year to save the taxman from getting his hands on her cash. its something you could always think about. But good luck.


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    If you sell it for more than your investment, you can expect to pay the capital gains tax on whatever you sell it for, minus your investment


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    Consult an experienced acquisitions attorney. ...
    Tread lightly. ...
    Order an independent business valuation. ...
    Don't get too hung up on valuation. ...
    Consider your financing options. ...


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