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Business Sales
Business Sales:
How will Chancellor Darling’s proposed 18% taper relief affect business sales.
The owners and sole traders of small and medium size businesses for sale will feel the effect of this more than most as their long term planning for the business and their personal future are thrown into disarray at the stroke of a pen.
The secret of selling a business or indeed buying a business is the timing.
Many owners wait until near the time for moving on or retiring before placing their business for sale, plainly a business sale does not happen overnight and there can be little doubt those who take the view of an early placement of their business for sale are usually those who can plan the move more easily.
One advantage of placing businesses for sale earlier is the vendor has more time to achieve a higher price, and can use the extra time for market testing and gauging the interest in the business sale.
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