If you’re thinking about selling your business in the next couple of years, now is the time to start planning.

Recent and upcoming tax changes following the new government have left many business owners unsure of their next move. Strategic planning could save you thousands, and it all starts with a conversation.

In this Business Success Conversation, Michael and Lucy discuss how strategic planning could save you thousands, and why it all starts with a conversation.

Why tax planning matters more than ever

If you don’t plan, how do you know where you’re going?

It’s a message we repeat a lot, because it’s true. Whether you’re considering selling your business in 1 year or 5, the right planning can make a big financial difference. For example, if you were initially planning to sell in two years, a shift in tax rates might make it worth moving that timeline forward. Paying 14% Capital Gains Tax instead of 18% on a £1 million sale could save you £40,000.

That’s not small change.

What should business owners be thinking about?

Here are three key points from our conversation:

1. Start the conversation early

If you wait until the sale is around the corner, it may be too late to optimise your position.
Talking to your accountant now gives you time to assess your options and make smart decisions.

2. Check your eligibility for Business Asset Disposal Relief (BADR)

BADR could reduce your tax liability to just 10%, but there are strict conditions, including holding qualifying assets for at least two years. If you’re not eligible now, planning ahead gives you time to get there.

3. Timing can mean big savings

It’s not just about tax percentages. It’s about aligning your business strategy with the tax landscape. That takes foresight, and good advice.

Communication is everything

This isn’t just about numbers:

We want to be a trusted partner for our clients. It's all about communicating, talking to us, discussing that plan to make sure we know where you're going, and how you want to get there.

Whether it’s adjusting your sale timeline, restructuring your shareholding, or making sure you’re BADR-ready, everything starts with a clear strategy.

Get the Business You Want

Tax planning isn’t just a technical detail. It’s a big part of getting the business you want, whether that means selling, scaling, or securing your future.

If you’re even thinking about selling your business in the next few years, get in touch. One conversation now could save you thousands later.

Get in touch with Carthy Accountants today to start your plan.