With capital gains tax rates expected to be raised significantly within weeks, the question many business owners have is "what impact will this have on the selling of my business?"
The statements so far put out by the coalition government on the proposed rise in CGT have not been terribly clear, though it is safe to say we can expect that the rate for non-business assets will move towards an alignment with income tax rates.
But what will be interesting is how the forthcoming legislation will define 'business assets'.
We have also heard utterances that entrepreneurial business activities will be offered 'generous exemptions'. What does that mean exactly?
Does it mean that the current Entrepreneur's Relief - a lifetime allowance of £2m at 10% - will stay as it is? Given that small to medium sized business owners are already feeling heavily taxed we suspect that this will be largely preserved. However, there may be less generous allowances for quick capital gains. So perhaps we'll see a return to the pre-2008 taper relief system?
We'll keep you posted as the news breaks. 
Bring to the market this leasehold specialist car sales and servicing facility located in Horncastle, Lincolnshire. The trade was established as a limited company in 2005.
LEASEHOLD
The company is an online vehicle purchasing platform, providing a fast, hassle-free car-selling service for the end user. A competitor to the likes of webuyanycar.com and Motorway, the company is a well-established online vehicle purchasing platform...
Bringing to the market this denim and casual wear retailer, boating a user friendly comprehensive online presence.
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