Business Succession & Exit Planning
Every business owner leaves their business one day – by selling it, handing it to family, or closing it. Planning early can mean a better price, less tax and a smoother handover.
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Your exit options
Sell to a third party
Sell the business or its assets to an outside buyer.
Hand over to family
Pass the business to children or relatives over time.
Sell to staff or partners
Sell to key employees or existing business partners.
Wind down
Close the business and sell or keep its assets.
Start planning 3–5 years ahead
- Get a realistic business valuation
- Tidy up financial records and reporting
- Review your business structure
- Reduce reliance on you as the owner
- Check eligibility for small business CGT concessions
- Put buy-sell agreements in place with partners
Tax matters to consider
- Capital gains tax on selling the business or its assets
- Small business CGT concessions, including the 15-year and retirement exemptions
- The 2027 CGT changes and how sale timing could affect your tax
- GST on the sale of a business (it may be GST-free as a going concern if conditions are met)
- Super contributions as part of retirement planning
How UV TAX helps
- Business valuations and financial clean-up
- Tax planning for the sale or handover
- Applying the small business CGT concessions
- Working with your lawyer and financial adviser
⚠️ General information only – not tax or legal advice. Succession planning involves tax, legal and financial matters. UV TAX provides accounting and tax advice and recommends you also obtain legal advice and, where relevant, licensed financial advice. This page is a simple overview as at November 2026 and does not consider your personal circumstances. Tax laws, rates and thresholds change regularly. Please get advice for your situation before acting.
Planning your exit?
Free consultation and a fixed-fee quote before we start.
0466 268 405Frequently asked questions
When should I start succession planning?
Ideally 3–5 years before you plan to exit.
How much is my business worth?
It depends on profits, assets, risks and the market. A professional valuation gives you a realistic figure.
Can I reduce tax when selling my business?
The small business CGT concessions may reduce or eliminate CGT if you qualify.
Is selling a business GST-free?
It can be GST-free as a going concern if strict conditions are met.
Related
General information current as at November 2026.