Selling the business

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Selling the business by Mind Map: Selling the business

1. Pre-sale tax planning

1.1. Increase the business's value

1.1.1. Administration

1.1.2. Use of losses

1.2. Lower tax

1.2.1. Qualifying for entrepreneurs' relief

1.2.2. Transfer shares before sale

1.2.3. Pre-sale dividends

1.3. Pension planning

2. Negotiation

2.1. Consideration

2.1.1. Cash, shares or loan notes?

2.1.2. Deferred

2.1.3. Contingent

2.1.3.1. Calcuable

2.1.3.2. Incalcuable

2.2. Becoming a consultant

2.2.1. PAYE?

3. After the sale

3.1. Compliance requirements

3.2. Capital gains tax reliefs

3.2.1. Entrepreneurs' relief

3.2.2. Holdover relief

3.2.3. Enterprise investment scheme

3.3. Inheritance tax

4. The sale process

4.1. Due diligence

4.2. Indemnities

4.3. Documentation

4.4. Clearances

5. Seller is a company

5.1. Gain/loss

5.1.1. SSE?

5.1.1.1. >10% for 1 year

5.1.1.2. trading for 1 year

5.1.2. Exit charges

5.1.2.1. Chargeable assets

5.1.2.1.1. SSE?

5.1.2.2. IFAs

5.1.2.2.1. SSE?

5.1.2.3. Loan relationships

5.1.2.4. Derivative contracts