Recently, the government published a new consultation document planning to introduce stricter information reporting requirements for 'close companies' to strengthen tax oversight, reduce tax loss, and narrow the small and medium-sized enterprise (SME) tax gap.

Whether transferring all your shares or disposing of part of the business assets, the key question you’ll face is: how much tax will you need to pay when selling a business in the UK. This does not only involve Capital Gains Tax (CGT) but also requires careful planning around available reliefs and the compliance of the transaction structure.