These types of transactions are very distinct from what is the alternative generally, of a Share Purchase Agreement.

Transfers of a going concern tend to be where individuals, but sometimes Companies and Partnerships, transfer their business to another individual or individuals. It is the transfer, quite literally, of the business as a going concern but such a transaction is exempt from VAT if both parties are VAT registered and the business is going to be continued after completion of the purchase.

There are matters that need to be considered in relation to such transactions such as apportionments of price and other responsibilities but we can advise on all aspects of the business sale or the business purchase as a going concern.