Reliefs for company assets transfers?

Reliefs for company assets transfers?

Didn't find your answer?

Don't ask why, but I find myself looking at what reliefs would have been due back in the 1990s on a set of transactions:

Company A traded from property T and also held an investment property Z.

In 1993 it transferred its trade to company B, who occupied property T for no rent.

In 1994, company A transferred property T to company C

In 1995, company A transferred investment property Y to company D

Having no assets left, company A was then dissolved and struck off.

None of the transfers were at arms length.

I cannot trace any computations or elections having been submitted to HMRC, apart from an election by A and B to transfer capital allowances at pool value.

What ought to have happened ( and what reliefs might have been due ) had things been dealt with as one would have expected?

Replies (3)

Please login or register to join the discussion.

By Marion Hayes
29th Oct 2011 19:04

More information please

In order to comment on the transactions and their implications we will need to know the ownership of the shares in each company at each point in time.

Transactions were treated differently depending on group status and controlling parties

Thanks (0)
avatar
By dropoutguy
30th Oct 2011 09:07

Oh yes, quite true.

No group.

Companies connected with one another.

Thanks (0)
avatar
By dropoutguy
01st Nov 2011 09:37

Help

Still required! ;)

Thanks (0)