Q I am in the process of selling my business. What taxes do I need to think about now and in the future?
A This is a question I get asked a lot and it can be a really complex matter. The first thing you need to think about when selling your business is the structure of the sale. This includes considering not just short-term finances but also the long-term implications for you and any beneficiaries.
In the example of selling your business directly to someone else, initially you need to think about capital gains tax (CGT) and the rate that you would pay on the sale of your business.
As long as you have a qualifying trade and are not operating an investment holding
