Internal referral: Favourable figures for family company

The Xeinadin Tax Advisory team recently completed a restructure for a family company with excellent results, following a successful referral from Xeinadin The Profit Key 's, Ian Rodgers .

The healthcare company’s shareholders wanted to pass the business down to the next generation, their daughter and son-in-law, and were looking for support in identifying the best way to do so. Our Tax Advisory team discussed the circumstances and objectives with the client, and were able to find the right solution that also allowed them to withdraw a significant six-figure sum of capital from the business at favourable tax rates of only 10%.?

To ensure that the company isn’t subject to undue cash-flow burden, the funds will be paid out over the next six years. This structure not only met the commercial objectives, but also provides significant advantages for the parents in retirement. It also ensures that the next generation doesn’t incur personal tax charges themselves. All supported by clearances from HMRC, providing the clients with comfort.?

Throughout the case, our group Tax Advisory specialists and staff from The Profit Key worked closely together, attending preliminary online meetings, scoping out the engagement, providing comprehensive tax analysis and seeking clearance from HMRC. With the client able to move forward with the transaction in full confidence, the team then worked alongside solicitors to project manage the case through to successful completion.?

This is a fantastic example of collaboration within our teams at Xeinadin, resulting in an amazing outcome for yet another one of our clients.

If you would like to find out how our Tax Advisory specialists could help your business visit our website or email [email protected].