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VAT when selling your business

Shared from Tax Insider: VAT when selling your business
By Andrew Needham, September 2021

Andrew Needham looks at the different ways of selling a business and their VAT consequences. 

Selling a business can be a complex matter. One point to consider is the VAT consequences of the sale. When a business is sold, it can be either by a share sale if it is a company, or it can be the sale of the trade and assets of all or part of the business.  

The VAT consequences of the two alternative methods of sale are very different and can affect the ability to recover VAT on the associated professional costs. 

Share sale 

Selling the shares in a business can be a time-consuming and expensive business, but there are a number of consequences that business owners should be aware of. 

The sale of existing shares is an exempt,

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