Course Details

We all have a number of ongoing clients who provide us with work year on year. However, at some point, all of those clients are going to want to sell or close down their businesses and move into retirement. This session looks at some of the options for disposing of a business and for succession planning, concentrating mainly on companies but covering some issues relevant to sole traders and partnerships. Obviously, good succession planning will ensure both the survival of the business and the best possible post-tax return for the vendors.

In this session Pete Miller discuss the following:

  • Business asset disposal relief
  • Direct sale
  • The management buy-out
  • Sale to an employee ownership trust
  • Selling or closing down the business

By purchasing this session, you will refresh and increase your knowledge of the options for your clients to dispose of their businesses and retire. In a sense, some form of succession planning is the one inevitability for every client, much like death and taxes! So it's important to be aware of their options, even if you, yourself, will not necessarily be advising them on their exit.

CPD Course Speaker

The Miller Partnership

Pete Miller

Pete formed The Miller Partnership in April 2011 to offer expert advice to other advisers on all business and corporate tax issues. Pete’s specialist areas include the transactions in securities rules, reorganisations, reconstructions, distributions, partnerships, Patent Box, HMRC clearances, disguised remuneration and the taxation of intangible assets.

Pete has worked in tax for over 33 years, including nearly 10 years as an Inspector of Taxes. He worked in Birmingham and London with roles in both Policy and Technical Divisions, where he was the Inland Revenue’s expert on all matters relating to the distributions legislation. He then worked for 11 years in ‘Big 4’ firms, specialising in the taxation of corporate transactions.

Pete speaks and writes regularly on tax issues and is lead author of Taxation of Company Reorganisations (Bloomsbury Professional, 6th Edition October 2020).