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When businesses are looking for advice in relation to selling the family company, there are some common situations which often arise. This guidance note sets out some of these situations together with suggestions of a possible course of tax planning to maximise available reliefs. These situations can provide a starting point for conversations with clients who want to discuss selling their company. Included within each situation summary are links to other guidance notes or resources so that further detailed research can be done.

The list of situations dealt with in this guidance note are as follows:

1. •

   Sale of company to a third party

2. •

   Sale of the company but part of the business not to be included

3. •

   Splitting of a property investment company between shareholders

4. •

   Sale to third party with consideration in cash and loan notes

5. •

   Sale of trade and assets and extracting remaining reserves