Tax Turmoil Ahead? What the New Budget Means for Business Owners (4k)
James Sinclair's Business Broadcast
Navigating Tax Implications for Business Transfers
This chapter focuses on tax strategies for business owners approaching retirement, highlighting the use of financial products like VCT and EIS to mitigate capital gains tax. It explores the complexities of inheritance tax and the challenges of transferring family businesses, addressing both emotional and financial impacts on heirs. The discussion critiques current UK taxation policies and contrasts them with more favorable environments in countries like Dubai and China, advocating for changes to support business growth.
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