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.