The sale of land and a hotel business.
Having established a profitable hotelier business, our client undertook to sell their business including the land upon which the business was carried on. Charltons was able to determine the sale of the business and land were tax free.
Importantly, because of Charltons’ specialist tax knowledge, we were able to provide valuable comfort in the form of a 2nd opinion by identifying tax and therefore cash saving opportunities which were not identified by other advisers. Our client was able to reduce their capital gains tax liability and maximize their net cash returns.