business sale

Summer Budget

After last month’s budget, we at ad+ have been reviewing the Chancellor’s statement and the Budget documents to interpret the impact on our clients.

The good news is the further increase in the personal allowance and higher rate threshold, which has benefits for all. For business owners, the increase in Employment Allowances adds a further saving of £1,000 and the changes […]

Is Goodwill still a good thing?

You may have seen commentary, following the Autumn Statement, on the changes to the treatment of goodwill when a business is incorporated.

These changes will impact on business owners looking to claim Entrepreneurs Relief (“ER”) on the disposal of their business to a company.
Previous position
Prior to the Autumn Statement ER has been available to reduce capital gains tax (“CGT”)payable on gains […]