PTP's Tax Tip No.15 - Taper relief and non-qualifying corporate bonds

Q: After starting up in 1999, my client is selling his 100% shareholding in an unquoted trading company to an unquoted multinational. The purchaser has offered cash and loan notes. On a course the other day, I heard that non-qualifying corporate bonds allow taper relief to be preserved. Should my client ask for these?

A: No.

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