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We act for clients who have a trading business in this country which is operated through a limited company.
The company makes approximately £100 000 a year but also owns farmland with a potential gain of about £10m if planning permission is granted next year.
The clients are proposing to sell up and move to Germany. There they intend to buy a farm where they will buy sell and breed horses as well as run a livery stable and train horses including training them for dressage competitions.
We have told our clients that they will need to engage a German accountant to handle their tax affairs there. Can readers think of any other tax planning that we should be doing before they go?
We look forward to readers’ suggestions for such circumstances.
Query 18 098 – Guy
