Extraction of Profits

There are many different ways in which you can extract profit from your business. Each has a tax impact on your company – and on you personally. Our specialist team can help you:

• evaluate the most tax-efficient options available to you;
• explore a number of other remuneration planning ideas that could be used to reduce the tax cost of extracting cash from your business; and
• review the structure for ownership of your business’ assets to see if this can be done in a tax-efficient manner. For example, if you personally own assets, such as property, that are used by your trading company, then this can enable you to sell the personally owned assets at a Capital Gains Tax rate as low as ten per cent.