What is the best way to take money out of the business as part of passing it on?

 

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18. What is the best way to take money out of the business as part of passing it on?

Options can include selling shares to existing or new investors, selling shares back to the company, paying dividends to shareholders, or making payments into your pension fund. Depending on the business's financial position, it may make sense to increase business borrowings to fund these payments. It may also be appropriate to sell part of the business or some of its assets.

You should take advice on the tax consequences of the different options and the best choice given your circumstances.