Gary Lineker, the previous England footballer turned broadcaster, has strategically positioned his tv manufacturing firm, Goalhanger Movies, into voluntary liquidation forward of upcoming capital beneficial properties tax rises.
Co-owned with former ITV controller Tony Pastor, the corporate reported web belongings exceeding £440,000 in its final revealed accounts.
The choice comes because the UK authorities introduced within the latest Finances that capital beneficial properties tax charges will enhance from 10% to 14% beginning in April, with an additional rise to 18% in 2025. By liquidating the corporate now, Lineker and Pastor can profit from the present decrease tax price on distributions from the corporate’s belongings.
Tony Pastor confirmed that Goalhanger Movies is being “mothballed,” permitting the duo to give attention to their quickly rising enterprise, Goalhanger Podcasts. The podcast platform hosts fashionable collection equivalent to The Relaxation Is Historical past and The Relaxation Is Soccer, and reported web belongings near £591,000 earlier this 12 months.
Lineker’s transfer aligns with the follow of Members’ Voluntary Liquidation (MVL), a course of that permits solvent corporations to wind up operations in a tax-efficient method. An MVL permits enterprise house owners with important retained earnings to deal with distributed funds as capital beneficial properties relatively than earnings, doubtlessly leading to substantial tax financial savings underneath the Enterprise Asset Disposal Aid framework.
Initially launched in 2014, Goalhanger Movies produced high-profile sports activities documentaries that includes stars like Mohamed Salah and Serena Williams. Nonetheless, the shift in direction of the extra profitable podcast division displays Lineker’s adaptation to altering market dynamics.
Regardless of stepping down from internet hosting Match of the Day after a 26-year tenure, Lineker stays a distinguished determine on the BBC, with contracts to current protection of the FA Cup and the 2026 World Cup.
Classes for Enterprise Homeowners
Lineker’s monetary transfer affords insights for entrepreneurs and firm administrators:
Act Early
: Anticipating tax adjustments and making well timed choices can maximize monetary advantages.
Contemplate MVL: For solvent companies planning to shut, an MVL might be an efficient instrument to unlock worth effectively.
Adapt to Progress: Shifting focus to extra profitable ventures ensures sources are allotted to areas with the best potential.
