To qualify for relief, an asset must fall within one of the following categories (TCGA 1992, s. 165(2)):

(1)assets, or interests in assets, used for the purposes of a trade, profession or vocation carried on by the transferor, his or her ‘ personal company’ or a ‘member of a trading group’ of which his or her personal company is the ‘ holding company’.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.