Filename: VAT buying or selling a business 2010.pdf

File Size: 213 KB

The buying and selling of a business, or businesses, can be one of the most complex forms of transaction that you will ever carry out. It is difficult enough for large corporations with vast legal support, let alone the small owner?managed business expanding its business interests or perhaps even selling to retire.

Apart from the direct taxation issues, which can significantly affect the way a transaction is structured, the VAT implications must be given serious consideration in order to prevent a large VAT bill on completion.