Do you know any management buy-out teams where individuals have less than 5% of the shares?
In the good old days, when we had taper relief, these individuals would have expected to pay tax at only 10% on exit. Now, after the June Budget, they face tax at 28% on exit. They will not be happy.
In many circumstances, however; I believe that I can return them to tax at only 10% on exit. That would make them much happier.
If you would like to discuss this opportunity further please contact me on 01494 739500 or e-mail me - cormacmarum@harwoodhutton.co.uk
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