Asset extraction
A B & C own 1 share each in H Ltd which owns freehold property, indexed cost £350k MV £250k and 100% shares in T Ltd MV £450k which does the trading. AB&C want to sell T Ltd and retain the properties, but how do they secure minimum tax payable. Entrepreneurs relief is only available on H Ltd. How can they get the properties out of H Ltd so they can sell H Ltd to the third party ?
.