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Stamping on siblings

23 March 2006
Issue: 4050 / Categories: Forum & Feedback

Siblings, A, B and C, own a residential property in individual shares equally. They have agreed that A should purchase the shares of B and C at full value. A valuer has been instructed and A will acquire his siblings' shares at two-thirds of this valuation, no discount for part shares being applied in fixing the consideration.

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