Thinking About Selling?

When it comes to selling your pharmacy business, there are various pitfalls to watch out for and certain matters to be considered in advance to ensure that the sale proceeds smoothly and to best advantage.

Form of Sale

If your pharmacy operates as a corporate business (for example a limited company), you have a choice as to whether to sell the shares in your company or the assets of the company's business. There are material tax differences in the treatment of each type of disposal and early advice should be taken from your professional advisers.

The choice of disposal is also likely to impact on the work required to deal with the sale. When selling the shares in a pharmacy company, there would not normally be a change in the operator of the pharmacy business (merely a change in ownership of that operator). As such, the logistical steps referred to below (associated with an asset sale) will not normally feature. However in a share sale there will be greater