If you're planning on selling a business, or any asset that is likely to have increased in value, you need to know about capital gains tax. It can get complex, though, so consult an accountant if you need more help.
In some cases, you can avoid paying CGT or reduce the amount you have to pay:
Smarta Tax Services - the perfect solution for start-ups or Sole Traders in need of tax and accounting support. Get a personal experience with a dedicated Accountant that will ensure you keep track of day to day operations of your business, and you've completed all areas required to comply with HMRC and Companies House. Our trusted accountancy software allows transparency and you'll have 24/7 access online, so you can keep track of your business performance.