The pros and cons of selling your business property

Dec ’12
SmartCompany took a look at the pros and cons of selling your business property at the same time you sell your business. The pros:  It’s an opportunity to improve the liquidity of your investment portfolio, diversify your investment and escape the burden of looking after your property. It’s also important to be aware that small business CGT concessions often eliminate CGT on the sale of an “active” small business asset. <--break->The cons: Taking the property out of the equation may open the sale of your business to more potential buyers. Plus there’s an opportunity to profit by renting the business premises to the new owner and with your knowledge of the property you may be in a good position to capitalize on any redevelopment opportunities. If the property is owned by your SMSF it will benefit from concessional tax rates and you can eventually sell the property in the pension phase without paying a cent in CGT.  Make sure you talk to us as you are planning the sale of your business so we can help you to consider all the angles

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Photography compliments of watcharakun at FreeDigitalPhotos.net

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