Author name: Research Team

Dental Industry

Selling Your Dental Practice to a DSO: What to Expect

DSO acquisitions dominate the larger end of the UK dental practice market — but the deal mechanics are more complex than a private individual sale. This guide covers what DSOs are actually buying and why that drives the earn-out structure (25-35% deferred, 12-36 months, EBITDA- or UDA-linked); why non-interference provisions must be agreed at heads of terms (the DSO controls the cost base post-completion); the transition period remuneration trap; integration realities (clinical governance, branding timeline, PMS migration risk during earn-out); TUPE and staff retention as earn-out protection; clinical autonomy negotiation timing; and the Marren v Ingles earn-out right problem — CGT at BADR rate arises at completion before earn-out cash arrives. Includes a total economic value framework for comparing DSO offers.

Estate & Lettings Industry, Estate Agency Sales

Tax on Selling an Estate or Letting Agency

Selling an estate or letting agency can generate a significant capital gain — and the rate you pay depends on decisions made before a buyer appears. This guide covers CGT basics and current rates, the difference between asset and share sale tax treatment (asset sale from a limited company can attract an effective 50-55% rate vs 18% on a qualifying share sale), BADR qualifying conditions for agency owners, earn-out taxation under Marren v Ingles (CGT arises at completion before earn-out cash is received), non-compete payment rules, vendor loan notes, and the self-assessment payment deadline. Tax advice before heads of terms — not after — is the single most important planning point.

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