These are for guidance purposes only. Each case will be treated on merit.
|Net-pre tax profits averaged over the past 3 years||x5||x% attributable to key person||= benefit|
|Example: If a company averages a net pre tax profit of £250,000 over the past 3 years and the key person is responsible for 50% of this, then the calculation would be:|
|£250,000||x5||x50%||= a benefit of £625,000|
|Net-pre tax profits averaged over the past 3 years||x10||+ Net asset value + goodwill|
Cover can be provided to match the terms of the business loan
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