Collins Hume by client's side during business sale puts retirement planning end clearly in sight
Attractive opportunity to wrap up and sell the business suddenly made everything a priority, including retirement planning
Our client recently sold his business to a competitor who came along at the right time offering the right price.
We had been discussing negotiations back and forth for some time as is usually the case in these situations. Our client owned their commercial premises but we recognised early on that there were also issues around accessing funds, Capital Gains Tax (CGT) and maximising super contributions.
As our client needed to start taking steps to retirement and the business sale negotiation was a tough, drawn out process, CGT, commercial property transfer and super were becoming secondary to getting the deal done.
Then the contract was signed. Read more…