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The holding company that goes wrong
Key points
- A holding company was to be set up to protect the commercial assets of the trading company.
- The owner also wanted to gift shares in the trading company to his daughter.
- Effect of FA 2019 Sch 1 on the capital gains tax charge to ATED-related gains.
- Conditions for obtaining business property relief on personally owned trading premises used in the company’s business.
- Care must be taken on the number of shares issued when incorporating a holding company.
- Holdover relief is restricted when the group holds non-trading assets.
In the London and Broadway hit production The Play That Goes Wrong everything that can go awry does. Away from the office this is amusing but professional business advisers want to avoid such scenarios – our productions should move seamlessly from start to finish. They may not end in applause but we can at least hope for thanks from a grateful client. However ...
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