Profits in a limited company pay tax at 20% but individuals pay up to 45% so if you can leave profits in your company this is a good way to save tax. One simple way to save tax is to make pension payments. Another is to set up a business so that the key staff can be remunerated in part by dividend rather than salary.
We do not want to give away too much here but we have helped clients reduce their income tax to 0% by using the tax rules legally to their advantage. The best tax saving here is Entrepreneurs Relief (“ER”). Sales of business assets where you own over 5% of the business and are a director mean you only pay CGT of 10% after one year of ownership. This is on the first £1 million of gains.
Another tip to mitigate CGT completely is to emigrate before an asset sale and not return for at least one year after the sale. There are strict rules about timing and clearly, enough tax has to be saved to make this worthwhile. There will always be issues about leaving family and friends behind but there are fast track ways of emigrating.