Shumaker Manufacturing

A Legal & Industry Review

“New Tax Law Allows Some to Avoid Paying Tax on the Sale of Their Business”

“The amount of gain that is excluded from tax is capped at the greater of $10 million or 10 times one’s investment. For example, a person who invests $100,000 in a qualified small business after September 27, 2010, holds that investment for over five years, and meets the other eligibility requirements will not be subject to tax on gain of up to $10 million, and a person who invests $1.5 million will not be subject to tax on gain of up to $15 million. “

Follow the link to read more of our Insights article, “New Tax Law Allows Some to Avoid Paying Tax on the Sale of their Business”, authored by Warren Kean, partner at Shumaker, Loop & Kendrick, LLP.

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