Selling a Veterinary Practice? It’s a Sellers’ Market!

Practice sales are strong with baby boomers seeing a better market. More corporate consolidators are also purchasing practices. Capital gains rates have risen for those who will have $400,000-plus of income (single); $450,000-plus (married, filing jointly). The increased tax rates have not slowed sales. The new strategy is to keep the yearly  income level below the income threshold for increased tax rates by utilizing installment sales where the capital gains are spread out over the collection period of owner provided financing.