Selling the business: trade and assets

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Selling the business: trade and assets by Mind Map: Selling the business: trade and assets

1. What is a trade & asset sale?

2. Advising the client

3. Commercial issues

3.1. Trade sale v share sale

3.2. Double taxation charge

3.3. Conflicting interests

3.4. Identifying assets & liabilities to be sold

3.5. Transferring legal ownership

3.6. Warranties and indemnities

3.7. Apportionment of consideration

4. Tax consequences

4.1. Corporation tax

4.1.1. Accounting period

4.1.2. Final liability

4.2. Trading stock

4.3. Capital allowance assets

4.3.1. Disposal value

4.3.2. Balancing adjustments

4.3.3. Fixtures

4.4. Chargeable gains assets

4.5. Know-how

4.6. Intangible fixed assets

4.7. Terminal losses

4.8. VAT

4.9. SDLT