People in business today are seeing their enterprise rather than their pension planning as the ultimate source of their retirement security.
The sale of the business rather than passing it on to the next generation is usually the plan and especially so since statistically only one third of family businesses survive to pass to the next generation.
Anyhow, it is clear that whatever the outcome, if the sale of a business is planned there is a strong likelihood of a significant proportion of the proceeds passing to HMRC as capital gains tax and then another 40% is applied shortly afterwards in inheritance tax when the over stressed, over taxed and over tired entrepreneur passes on to that great Chamber of Commerce in the sky.
Happily for him and his family though we can be there well beforehand to implement a protective and supremely
tax efficient exit strategy which significantly reduces his stress levels and worries so that when the business is sold all the proceeds pass tax free into this tax protected structure; he can then enjoy many, many years of happy retirement with his extended family.
If the business is predominently comprised of property assets then we have a
second exit strategy that may suit that situation more efficiently.
All Minerva tax reduction strategies remove tax.
Now that really is wealth protection in action and no mistake.