Proeprty co. sells all properties and decides to wind-up. Previously rental income only income.
I saw somewhere in the Rev Manuals that ESC applies to trading companies - in which case not to my client. Damned if I can find it now.
Can anyone help?
Thanks
Ian
Replies (1)
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I don't see why ...
... a property company should not qualify. I'm sure it does. All the concession says, which is what matters, is that company intends to cease to trade or carry on business. Why not just apply? If the concession is granted you have no problem.