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Multiple companies: Tax challenges and opportunities

By Alan Pink, November 2020

Alan Pink looks at the advantages or otherwise of running more than one limited company. 

In my practice as a tax adviser over the years, I’ve noticed that most entrepreneurs fall into one of two categories: the compulsive former of new companies on the one hand, and the ‘simplicity is everything’ brigade.  

Usually, the approach taken is motivated by reasons other than tax-efficiency. But tax planning is very important when considering how to set things up, as I’ll try to show in what follows.  

Planning for the long term 

The decision as to how you structure diverse business activities is a long term one, because it’s about the basic capital structure of your finances.  

Capital gains tax (CGT) tends to loom large in planning; or should do, if

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