Buying parents business

Mistral001

freshdoughnuts wrote: »

Thank
I have full access to all the accounts and have overseen all of the sales and the expenditure.
.

It is confidential information. Are you really going to disclose it to others without telling your parents first?

freshdoughnuts

Mistral001 wrote: »

It is confidential information. Are you really going to disclose it to others without telling your parents first?

Sorry, I don't understand what your question is exactly.
I'm not disclosing the accounts. Although i'm sure anyone interested can download them from companies house direct these days?

Special thanks to pennywise re. TAX.
I have done some research about capital gains tax and inheritance tax and am much better informed and better prepared to seek some professional advice.
That was really the aim of this thread I guess, to get some rough pointers that I could do some research on to see if this is worthwhile.

Mistral001

freshdoughnuts wrote: »

Sorry, I don't understand what your question is exactly.
I'm not disclosing the accounts. Although i'm sure anyone interested can download them from companies house direct these days?
.

As long as you only reveal that which is in the public domain (such as what is lodged with Companies House) to your own advisors or anybody else for that matter that is not breaking confidentiality.

freshdoughnuts

Mistral001 wrote: »

As long as you only reveal that which is in the public domain (such as what is lodged with Companies House) to your own advisors or anybody else for that matter that is not breaking confidentiality.

Thank you.