Hello to everyone on this forum. I hope you are all well and there is someone kind enough to give me an opinion on the following:
- Mr X operated a hotel business via a ltd company. The hotel property was owned privately by Mr X.
- Mr X ceased trading of the business on 3rd August 2016. The business was then transferred to his son’s New Ltd company which began to trade on 4th August 2016. No consideration was made for the transfer of the trade.
- Mr X then sold his hotel property in May 2019.
This feels like an associated disposal and therefore ER applies - however the disposal of the business in 2016 is not a text book disposal (I.e no shares were sold).
Can someone please provide an opinion on the above?
Any advice will be most welcome.