30 March 2006
I act for a small engineering business (L Ltd) run by two friends (R & J) as directors/shareholders since 1980. They also jointly own two buildings; one is and has been occupied (rent free) by L Ltd since they acquired it. The other was acquired in 1991 and is occupied, initially rent free, by G Ltd, a company they jointly owned until September 2004, when it was sold. J wants to retire in August 2006 and R has made an offer of cash and his share in the building let to G Ltd in return for J's shares in L Ltd and his share of the building that it occupies.
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
