ATTENTION Business Owners: Pay LESS Tax When You Sell Your Business | Here's How
Control and Compound with Darren Mitchell · Control and Compound Financial | BNV Media
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Show Notes
On today's episode, Darren and Christina are chatting about the lifetime capital gains exemption that can be used by small business owners with a corporation among others to save on some of the tax when selling. They chat about how the exemption works, who's eligible, and different ways you can apply it. Tune in now!
Show notes:
00:00 - Introduction
1:40 - What is the lifetime capital gains exemption?
5:30 - Assets that will qualify for the exemption
6:15 - Looking at example of selling a business with lifetime capital gains exemption
10:30 - Can you multiply the capital gains exemption?
12:05 - What is a qualified small business?
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