Succession Planning

Business Succession should be a forethought not an afterthought

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Time to sell or take a step back

The time will come when you want to take a step back. Retirement, the sale of the whole or part of your organisation, the strategy for passing on a business or part of a business should never be driven purely by tax considerations.

These decisions are about the future of something valuable that you have created; something that you have invested much time and effort into.

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Expert advice will lead to a tax efficient transaction

Friend Partnership have many years’ experience in planning all types of business succession. We will advise you on:

Timing and taxation
Aspects of control
Management buy-outs
Inheritance and Estate planning
Employee ownership and incentivisation
Preparation for sale

Make A Succession Enquiry

KNOWLEDGE BASE

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Spring Statement 2025

27 March 2025

Despite various media labels of mini-Budget or even emergency Budget in the run up to 26 March, the Chancellor avoided any fresh tax measures

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Pre-Owned Asset Tax: Understanding Its Role in Inheritance Tax Planning

7 February 2025

Introduced in 2005, pre-owned asset tax applies to assets previously owned by an individual but now used or enjoyed by them under certain conditions.

OTHER SERVICES WE PROVIDE

Specialist Services

General Services

+44 (0) 121 633 2000

enquiries@friendllp.com

Birmingham office:

Eleven Brindleyplace,

2 Brunswick Square,

Birmingham, B1 2LP

Registered to carry out audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales

Company registration number: 07746831