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Data shows that sales of small businesses are slightly on the rise. If you’re thinking about selling your business, this year may be the best time to do it. The appraised value of your business and your personal goals are, of course, the primary factors in deciding when to sell a business. However, you may realize a greater after-tax return in 2012 than if you delay a sale until 2013 or later.
Here are three tax reasons why selling in 2012 may prove advantageous.
- Low capital gain rates
- No additional Medicare tax
- Other unfavorable tax rules after 2012