Sale of 50 % of shares in Trading co By Holding Co. Will BPR still apply?
Afternoon, hope you can help me on something
If a Holding Co who itself owns the premises of its only subsiduary trading co, sold 50% of its shares in the trading co, would the abscence of a majority holding mean that BPR is lost on holding co shares?
I hope that the answer 'no', although HMRC manuals without finding anything specific point to this being so.
Any help greatly appreciated.
Matt
- Claiming Homes Expenses 118 2
- CGT - PPR working abroad 59 1
- Payroll software 198 5
- Rent free property 255 7
- BUILDING A WEBSITE 532 19
In principle you lose BPR