Services: Tax Solutions

Carrying on a business as a limited company became more attractive after corporation tax changes in 2003, most of the potential tax savings have now been rescinded. Nevertheless, incorporation may still be tax-efficient in the right circumstances as well as providing limited liability.

As your business grows, care needs to be taken to ensure that the overall structure adapts. New ventures may be started within the same company, or a group created to include the new business. As you start to think about realising profits from your hard work, it becomes even more critical that the structure supports your aims - businesses may enjoy an exemption from tax on gains on sales of subsidiaries; individuals may enjoy a tax rate of only 10%, on the sale of business assets.