PTP's Tax Tip No.34 ' Demergers

Q. My client and his brother own a property investment company 50:50. They no longer get on very well and to stop the business suffering they want to split the company up because they have differing ideas about where the business is going. As luck would have it the company's holdings are half commercial, half residential and each portfolio is of equal value. I was talking to a professional colleague the other day who said he did a liquidation demerger ( i.e.

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