It is amazing to see how the tax and stamp duty implications of a proposed transaction change the outcome for clients. We have done a lot of work in conjunction with some strategic accounting firms in structuring a business or a transaction for a change in ownership in a way that optimises the interests of all parties. The key point here is to have the original plan in an open discussion with a strategic advice to identify potential options open to the parties, before they sign any transaction documents.
Enormous financial benefit can be achieved both in the short and the long term if clients stop and explore these options first. We are constantly amazed at the potential advantages that clients can achieve by just taking the time to consider alternatives to a proposed transaction and their individual tax circumstances. If you are thinking of a change of ownership or structure in your business, make sure you give us a call first in plenty of time so that the revenue aspects are optimised.