My client, a sole trader who cleans windows of commercial properties, is looking to semi retire as he is nearly 65. His son is an employee and has been for over 20 years. The father is looking to give his son one of the van's and the equipment worth around £8000 and a payment of £5000 so that he can start his own business and take over some of the contracts. The £5000 could be put through the books as Redundancy pay but how is be best way to take the van out of the fathers business and pass it to the son? Will this create a balancing charge as AIA was claimed on the van and equipment?