CGT Plan?

CGT Plan?

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In summary £5m t/over company owned 50% by sole director & 50% by holding company, in turn 100% owned by same director.

With 3 weeks of tax year to go can he sell his 50% personal holding to the holding company by 5th April to obatain the BATR 10% rate? Proceeds/taxable £1m

This in turn allows him to draw down the proceeds as will be decided plus a further sale of the holding company in 2-3 years would again attract the 10% CGT rate under the new rules up to £1m. Is the thinking correct?
GR

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