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Football fantasies

19 June 2012 / Heather Miller
Issue: 4358 / Categories: Comment & Analysis , Companies
A buyer may want company assets rather than shares. HEATHER MILLER considers the implications


  • Can a trade and assets sale benefit both parties?
  • Sale of goodwill may shorten accounting period.
  • Setting off trading losses against a capital gains.
  • Mitigating a shareholder’s double taxation.
  • Do not overlook the entrepreneurs’ relief requirements.

By the time this goes to press the glorious competition that is Euro 2012 will be well under way.

Those of you who read my article Soccer scenarios will know I am not exactly (a) enthused or (b) knowledgeable when it comes to the beautiful game.

In fact the subject of this article might be inducing groans from football fans across the country (well the ones who also have an interest in tax; and who wouldn’t love to see that Venn diagram?!) because for all I...

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